Allowed

The Official Assignee v. Arjunlal Sunderdas

Madras HC12 Jul 2019APPLN/169/2017

Case brief

AI extract

What is this about?

In an insolvency proceeding under I.P. No. 25 of 2014, the Madras High Court allowed an application filed by the Official Assignee. The Court directed the second respondent, Najamudeen Majeed, to pay Rs. 1.37 Crores owed by the insolvent, along with interest and costs, as the respondent failed to appear.

What did the court decide?

Directed the 2nd respondent to pay a sum of Rs. 1,37,00,000/- with interest at 18% p.a. from 30.04.2013 and costs of recovery proceedings.

The Official Assignee Vs Arjunlal Sunderdas — Insolvency and Bankruptcy | Madras HC (2019)

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In the matter of the Presidency Towns Insolvency Act, III of 1909 and In the matter of Arjunlal Sunderdas ...Debtor I.P.NO.25 OF 2014 Smt.Chitra Desai Residing at 3A-302, Oakland Park, Yamuna Nagar, Lokhandwala Complex, Andheri (West), Mumbai. ... Petitioning Creditor -VSMr.Arjunlal Sunderdas 23, Anderson Road, Nungambakkam, Chennai-600 006. ... Respondent / Debtor

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APPLN.NO.169 OF 2017 The Official Assignee, High Court, Madras ... Applicant -VS1.Arjunlal Sunderdas 23, Anderson Road, Nungambakkam, Chennai-600 006. ... 1st Respondent / Insolvent 2.Najamudeen Majeed, Barnas 8 Valliammal Road, Vepery, Chennai 600 007. ... 2^nd Respondent Application praying that this Hon'ble Court be pleased to direct the 2^nd respondent to pay a sum of Rs.1,37,00,000/- with interest at 18% p.a. from 30.04.2013 till date of realization with cost of the recovery proceedings.

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The above application having been heard on 28.06.2017 in the presence of Mr.K.V.Ananthakrushnan,

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https://hcservices.ecourts.gov.in/hcservices/

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advocate for the Official Assignee, the applicant herein;

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and the 2^nd respondent having been set ex-parte on 25.01.2018; and upon reading the Judges Summon and Report of the Official Assignee filed herein; and upon perusing the evidence adduced herein and the exhibits marked thereon; and this Court having stood over for consideration till this day and coming on this day before this court for orders in the presence of this said advocate; and

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IT IS ORDERED :-

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That the 2^nd respondent be and is hereby directed to pay a sum of Rs.1,37,00,000/- (Rupees One Crore Thirty Seven Lakhs only) with interest at 18% p.a. from 30.04.2013 till date of realization with cost of the recovery proceedings.

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TAHILRAMANI, CHIEF JUSTICE, HIGH COURT AT MADRAS, AFORESAID THIS THE 12TH DAY OF JULY, 2019.

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MANAGER INSOLVENCY OFFICE

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From 25^th Day of September 2008 the Registry is issuing certified copies of the Orders/Judgments/Decrees in this format.

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https://hcservices.ecourts.gov.in/hcservices/

cns-26.07.2019

HIGH COURT, MADRAS

APPLN. No.169 OF 2017
IN
I.P.NO.25 of 2014
THE HON'BLE DR.JUSTICE
G.JAYACHANDRAN
AND
THE HON'BLE MR.JUSTICE
C.V.KARTHIKEYAN
DECREE DATED: 12/07/2019
FOR APPROVAL: 30/07/2019
APPROVED ON : 30/07/2019

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COPY TO:-

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The Official Assignee, High Court, Madras.

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https://hcservices.ecourts.gov.in/hcservices/

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IN THE HIGH COURT OF JUDICATURE AT MADRAS (IN INSOLVENCY) FRIDAY, THE 12TH DAY OF JULY 2019 THE HON'BLE DR.JUSTICE G.JAYACHANDRAN AND THE HON'BLE MR.JUSTICE C.V.KARTHIKEYAN APPLN.NO.169 OF 2017 IN I.P. No.25 of 2014 In the matter of the Presidency Towns Insolvency Act, III of 1909 and In the matter of Arjunlal Sunderdas ...Debtor I.P.NO.25 OF 2014 Smt.Chitra Desai Residing at 3A-302, Oakland Park, Yamuna Nagar, Lokhandwala Complex, Andheri (West), Mumbai. ... Petitioning Creditor -VSMr.Arjunlal Sunderdas 23, Anderson Road, Nungambakkam, Chennai-600 006. ... Respondent / Debtor APPLN.NO.169 OF 2017 The Official Assignee, High Court, Madras ... Applicant -VS1.Arjunlal Sunderdas 23, Anderson Road, Nungambakkam, Chennai-600 006. ... 1st Respondent / Insolvent 2.Najamudeen Majeed, Barnas 8 Valliammal Road, Vepery, Chennai 600 007. ... 2^nd Respondent

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Application praying that this Hon'ble Court be pleased to direct the 2^nd respondent to pay a sum of Rs.1,37,00,000/- with interest at 18% p.a. from 30.04.2013 https://hcservices.ecourts.gov.in/hcservices/ till date of realization with cost of the recovery

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proceedings.

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The above application having been heard on

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28.06.2017 in the presence of Mr.K.V.Ananthakrushnan,

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advocate for the Official Assignee, the applicant herein;

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and the 2^nd respondent having been set ex-parte on 25.01.2018; and upon reading the Judges Summon and Report

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of the Official Assignee filed herein; and upon perusing

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the evidence adduced herein and the exhibits marked

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thereon; and this Court having stood over for consideration till this day and coming on this day before this court for

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orders in the presence of this said advocate; and

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THE COURT MADE THE FOLLOWING ORDER :

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This application had been filed by the Official

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Assignee seeking a Judgment and Decree against the second respondent, Najamudeen Majeed, Barnas 8 Valliammal Road

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Vepery, Chennai – 600 007, to pay a sum of Rs.1,37,00,000/-

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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 that the second

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respondent had received a sum of Rs. 1,37,00,000/- from the

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first respondent/insolvent Arjunlal Sunderdas, which was

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shown as due and outstanding as on 30.04.2013. It was also stated that this amount was reflected in the accounts.

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There has been no subsequent transaction to prove discharge. https://hcservices.ecourts.gov.in/hcservices/

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The Official Assignee had issued notice calling upon the

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second respondent to pay the amount.

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3. On 28.03.2018 Ms. C.Sangamithirai, learned

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counsel undertook to file vakalat for the second respondents

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and undertook to file counter affidavit. When the matter

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came up for hearing on 11.04.2018, there is no representation on behalf of the second respondent. Counter

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has also not been filed. Hence, the second respondent was set ex-parte on 25.01.2018. Thereafter, the applicant was directed to take evidence.

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4. Accordingly, R.Padma, Sub Assistant Registrar

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attached to the office of the Official Assignee, High Court,

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Madras, filed proof affidavit and was examined as PW-1. She

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filed Exs. A-1 to A-6. Ex.A-1 is the photocopy of the

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relevant page in Auditor Ranga Ramanujam's Report; Ex.A-2 is

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the photocopy of the notice dated 28.04.2016 sent by

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Official Assignee with Acknowledgment Card in respect of

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Rs.25 Lakhs; Ex.A-3 is the photocopy of enquiry notice dated 31.05.2016 sent by Official Assignee with Acknowledgment Card in respect of Rs.25 lakhs; Ex.A-4 is the photocopy of

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the letter dated 07.04.2017 sent by the counsel for the

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Insolvent to the Official Assignee; Ex.A-5 is the photocopy

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of the statement of Borrowers given by the Insolvent; and Ex.A-6 (Series 2 Nos.) are the photocopies of the statement

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https://hcservices.ecourts.gov.in/hcservices/ of account of the Insolvent beraing account Nos. 422156084 &

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6072364585.

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5. In view of the above evidence, this Application is allowed and a decree is passed accordingly against the second respondent as prayed for.

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WITNESS, THE HON'BLE SHRIMATI, VIJAYA KAMLESH
TAHILRAMANI, CHIEF JUSTICE, HIGH COURT AT MADRAS, AFORESAID
THIS THE 12TH DAY OF JULY 2019.
SD/-
ASSISTANT REGISTRAR
Original Side – I
//CERTIFIED TO BE TRUE COPY//
DATED THIS THE DAY OF 2019
MANAGER
INSOLVENCY OFFICE
From 25 th Day of September 2008 the Registry is issuing
certified copies of the Orders/Judgments/Decrees in this
format.

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https://hcservices.ecourts.gov.in/hcservices/

cns-26.07.2019

HIGH COURT, MADRAS

APPLN. No.169 OF 2017
IN
I.P.NO.25 of 2014
THE HON'BLE DR.JUSTICE
G.JAYACHANDRAN
AND
THE HON'BLE MR.JUSTICE
C.V.KARTHIKEYAN
ORDER DATED: 12/07/2019
FOR APPROVAL: 30/07/2019
APPROVED ON : 30/07/2019
COPY TO:-

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The Official Assignee, High Court, Madras.

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https://hcservices.ecourts.gov.in/hcservices/

The Official Assignee v. Arjunlal Sunderdas

Case brief

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The Official Assignee v. Arjunlal Sunderdas

Case brief

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