Official Liquidator,M/S.Nagoor Khani Raw v. Sri.S.v.Anilkumar
Case brief
What is this about?
In a company claim under the Companies Act, 1956, the Court allowed a claim for Rs. 79,333 with 6% interest instead of the sought 12%, permitting payment in eight monthly installments starting 01.12.2023 with default recovery provisions.
What did the court decide?
Decree of Rs. 79,333 with 6% interest; payment in eight monthly installments from 01.12.2023.
What the court decided
IN THE HIGH COURT OF KERALA AT ERNAKULAM
(Original Jurisdiction)
Present:
The Honourable Mr.Justice VIJU ABRAHAM
Thursday, the 2nd day of November, 2023/11 th Karthika, 1945
In the matter of the Companies Act, 1956 and In the matter of M/s.Nagoor Khani Rawther Chits (I) Pvt.Ltd. (in Provl.Liquidation)
Company Claim No.366/2010 in Co.Pet. No..26/2005
CLAIMANT
M/S.NAGOOR KHANI RAWTHER CHITS (I) PVT.LTD. (IN PROVL.LIQUIDATION), REPRESENTED BY THE OFFICIAL LIQUIDATOR, HIGH COURT OF KERALA, ERNAKULAM.
RESPONDENT
S.V.ANILKUMAR, T.C. 5/16, PALAMOOTTIL HOUSE, PERRORKKADA P.O., THIRUVANANTHAPURAM.
This Company Claim coming on for hearing on this day in the presence of Smt.S.Jasmine, Standing Counsel for the Official Liquidator and Sri.M.Sreekumar, Advocate for the Respondent, this Court delivered the following:-
Issues for consideration
3 issues framed by the court
Whether interest rate of 6% per annum is reasonable for the decree amount.
Whether the respondent be permitted to pay the decree amount in installments.
What terms for installment payment and default proceedings should be imposed.
Parties & counsel
- applicant
M/S.NAGOOR KHANI RAWTHER CHITS (I) PVT.LTD.
- respondent
S.V.ANILKUMAR
Coram
VIJU ABRAHAM
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 — this page · Viju Abraham
- Order 2 · Viju Abraham
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