Vs
Case brief
What is this about?
The Court closed Application No.361 of 2001 filed by the Official Assignee regarding a property transfer by the insolvent debtor. The deposit of Rs.10 lakhs by the respondent satisfied the requirement.
What did the court decide?
Application closed; Official Assignee directed to deduct 7% commission from Rs.10,00,000 deposited.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
1
IN THE HIGH COURT OF JUDICATURE AT MADRAS
(IN INSOLVENCY)
FRIDAY, THE 9th DAY OF DECEMBER 2016
THE HON'BLE MR.JUSTICE C.V.KARTHIKEYAN
APPLICATION NO.361 OF 2001
IN
INSOLVENCY PETITION NO.153 OF 1997
In the matter of the Presidency Towns Insolvency Act, III of 1909 and In the matter of M.Balu - Debtor
IP NO.153 of 1997
1.M.E.Allauddin S/o. Mohd.Ibrahim 2.S.Dayalan S/o.R.Srinivasalu ...Petitioners/Creditors Vs M.Balu S/o.S.Marimuthu, 131,Mullai Nagar, M.K.B.Nagar, Madras-39. ... Respondent/Debtor
Appln. No.361 of 2001
Parties & counsel
- petitioner
M.E.Allauddin S/o. Mohd.Ibrahim
- petitioner
S.Dayalan S/o.R.Srinivasalu
- respondent
M.Balu S/o.S.Marimuthu
- applicant
Official Assignee of Madras
Coram
Case details
As recorded by the court registry
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