Allowed

Mrs.Amutha and 2 Others v. C.Mahizhan and Another

Madras HC12 Jan 2017A/175/2017

Case brief

AI extract

What is this about?

The court allowed an application filed by the Official Assignee against Dynasource Webware P Ltd. to recover a debt of Rs. 35 lakh admitted in the insolvent's accounts. After service was effected by newspaper publication, the court passed a decree against the respondent for the principal sum, interest, and costs.

What did the court decide?

Decree passed against the second respondent to pay Rs. 35,00,000 with interest at 18% p.a. from 30.04.2013 and costs.

Mrs.Amutha and 2 Others Vs C.Mahizhan and Another — Insolvency and Bankruptcy | Madras HC (2017)

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Appln.(IP)No. 175 of 2017 in

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I.P. No. 25 of 2014

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Dr.G.JAYACHANDRAN, J. & C.V.KARTHIKEYAN, J.

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This application had been filed by the Official Assignee seeking a Judgment and Decree against the second respondent, Dynasource Webware P Ltd., having office at Sree Hari Building 4, Top Avenue, Kangayam Road, Thruppur – 641 604, to pay a sum of Rs.35,00,000/with interest at 18% p.a., from 30.04.2013 till date of realisation with cost of the recovery proceedings.

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2. The Official Assignee had stated the second respondent had received a sum of Rs. 35,00,000/- from the first respondent/insolvent Arjunlal Sunderdas, which was shown as due and outstanding as on 13.03.2013. It was also stated that this amount was reflected in the accounts. There has been no subsequent transaction to prove discharge. The Official Assignee had issued notice dated 13.04.2017 calling upon the second respondent to pay the amount.

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3. Notice was directed to the second respondent in this application. Notice had been returned as unserved with an endorsement that there is no such company in the given address. Hence, substitute of service by way of paper publication was permitted on 14.02.2018. Thereafter Substitute of Service by way of paper publication effected on 22.02.2018. On 14.03.2018, there was no representation for the http://www.judis.nic.in

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Dr.G.JAYACHANDRAN, J. & C.V.KARTHIKEYAN, J.

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vsg

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respondent respondent and therefore, the second respondent was set exparte. Thereafter, the applicant was directed to take evidence.

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4. Accordingly, R.Parameswari (P.W.1 ) filed proof affidavit on behalf of the Official Assignee reiterating the averments made by the Official Assignee in support of the application and filed Exs. A-1 to A-4. Ex.A-1 was the true copy of the relevant pages in the Auditor Ranga Ramanujam Report dated 16.02.2013; Ex.A-2 was the true copy of the Notice dated 13.04.2017 sent by the Official Assignee to Dynasource Webware Private Limited; Ex.A-3 was the true copy of the Letter dated 07.04.2017 issued by Insolvent's counsel to the Official Assignee with additional list of Debtors; Ex.A-4 was the true copy of the statement of account bearing account No. 422156084 in respect of the Insolvent with

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Indian Bank.

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5. In view of the above evidence, this Application is allowed

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and the decree is passed accordingly against the second respondent as prayed for.

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(Dr.G.J.J.,) (C.V.K.J.,) 26.04.2019

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vsg Note : Issue order copy on 29.04.2019

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Appln.(IP)No. 175 of 2017 in I.P. No. 25 of 2014

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http://www.judis.nic.in

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http://www.judis.nic.in

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Dr.G. JAYACHANDRAN, J. & C.V.KARTHIKEYAN J,

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vsg

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Appln.No. 106 of 2016
in
I.P. No. 25 of 2014
26.04.2019

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http://www.judis.nic.in

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http://www.judis.nic.in

Mrs.Amutha and 2 Others v. C.Mahizhan and Another

Case brief

What is this about?

What did the court decide?

Mrs.Amutha and 2 Others v. C.Mahizhan and Another

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

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