Allowed

The Official Assignee v. S. Arjunlal Sunderdas

Madras HC17 Dec 2019APPLN/240/2016

Case brief

AI extract

What is this about?

The Madras High Court allowed an application filed by the Official Assignee seeking recovery of dues. Based on audit reports and evidence confirming that the second respondent received Rs. 3,50,000 from the insolvent without discharge, the court passed a decree directing payment with interest and recovery costs.

What did the court decide?

Decree was passed directing the second respondent to pay Rs.3,50,000/- with interest at 18% per annum from 21.04.2014 till date of realization along with costs of recovery proceedings.

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

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IN THE HIGH COURT OF JUDICATURE AT MADRAS (IN INSOLVENCY)

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TUESDAY, THE 17TH DAY OF DECEMBER 2019 THE HON'BLE DR.JUSTICE G.JAYACHANDRAN AND THE HON'BLE MR.JUSTICE C.V.KARTHIKEYAN

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APPLN.240 OF 2016 IN I.P. No.25 of 2014

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In the matter of the Presidency Towns Insolvency Act, III of 1909 and In the matter of Arjunlal Sunderdas

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...Debtor

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I.P.NO.25 OF 2014

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Smt.Chitra Desai residing at 3A-302, Oakland Park, Yamuna Nagar, Lokhandwala Complex, Andheri (West), Mumbai. ... Petitioning Creditor -VS-

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Mr.Arjunlal Sunderdas 23, Anderson Road, Nungambakkam, Chennai-600 006. ... Respondent / Debtor

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APPLN.NO.240 OF 2016

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The Official Assignee, High Court, Madras ... Applicant

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-VS-

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1.S.Arjunlal Sunderdas 23,Anderson Road, Nungambakkam https://hcservices.ecourts.gov.in/hcservices/ Chennai-600 006.

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... 1^st Respondent/Insolvent

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2.S.A.Bhimaraja,

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Flat No.A-1, Whispering Heights, 132, St.Mary's Road, Alwarpet, Chennai 600 018. ... 2^nd Respondent/3^rd Party

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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.3,50,000/- with interest at 18% p.a. from 21.04.2014 till date of realization with cost of the recovery proceedings.

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The Court made the following order:-

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This application had been filed by the Official Assignee seeking a Judgment and Decree against the second respondent, S.A.Bhimaraja, Flat No.A-1, Whispering Heights, 132, St. Mary's Road, Alwarpet, Chennai – 600 018, to pay a sum of Rs.3,50,000/- with interest at 18% p.a., from 21.04.2014 till date of realisation with cost of the recovery proceedings.

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2. The Official Assignee had stated that the second respondent had https://hcservices.ecourts.gov.in/hcservices/ received a sum of Rs. 3,50,000/- from the first respondent/insolvent Arjunlal

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

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Sunderdas, which was shown as due and outstanding as on 21.04.2014. It

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was also stated that this amount was reflected in the books of accounts.

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There has been no subsequent transaction to prove discharge. The Official Assignee had issued notice calling upon the second respondent to pay the amount.

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3. Notice was directed to the second respondent but he did not choose to participate in the judicial proceedings and therefore, 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, A.S.Velumani, Sub Assistant Registrar attached to the office of the Official Assignee, High Court, Madras, filed proof affidavit and was examined as PW-1. He filed Exs. P-1 to P-4. Ex.P-1 Series (3 Nos.) are the true copies of the relevant pages in auditor Ranga Ramanujam's report dated 01.04.2013 to 31.03.2014; Ex.P2 is the true copy of relevant pages of auditor Annamalai Associates' report; Ex.P3 is the true copy of demand notice dated 15.03.2016 sent by Official Assignee with acknowledgment card; and Ex.P4 are the true copies of Relevant entries dated 24.05.2014 in schedule of affairs (No.76). Thereafter, the first respondent namely, the insolvent, Arjunlal Sunderdas also appeared before

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the Court and filed his proof affidavit. He also confirmed that the second

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

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respondent had borrowed a sum of Rs. 3,50,000/- through RTGS which was

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due on 21.04.2014. He affirmed that the second respondent had not paid any amount towards discharge.

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5. Thereafter, Mrs.P.Mangaiyarkkarasi, Assistant Section Officer attached to the Office of Official Assignee, Madras High Court filed proof affidavit and was examined as PW-2 and she reiterated the claim for Rs.3,50,000/- and to establish the claim filed under Exs. P-5 – P-7. Ex.P-5 is the true copy of the relevant pages from Auditor Ranga Ramanujam's Report dated 19.03.2015; Ex.P-6 is the true copy of the bank entries from the statement of account of Arjunlal Sunderdas; and Ex.P7 is the true copy

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of the reply dated 01.11.2017 by S.A.Bhimaraja to the Official Assignee.

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6. In view of the above evidence, this Application is allowed and a

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

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WITNESS, THE HON'BLE THIRU AMRESHWAR PRATAP SAHI, CHIEF JUSTICE, HIGH COURT AT MADRAS, AFORESAID THIS THE 17TH DAY OF DECEMBER 2019.

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SD./-

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ASSISTANT REGISTRAR Original Side – I

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//CERTIFIED TO BE TRUE COPY// DATED THIS THE DAY OF 2021.

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MANAGER

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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-30.12.2019

HIGH COURT, MADRAS

APPLN. No.240 OF 2016

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I.P.NO.25 of 2014

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THE HON'BLE DR.JUSTICE G.JAYACHANDRAN AND

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THE HON'BLE MR.JUSTICE C.V.KARTHIKEYAN ORDER DATED: 17.12.2019

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FOR APPROVAL: 10/01/2020

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APPROVED ON : 13/01/2020

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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)

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TUESDAY, THE 17TH DAY OF DECEMBER 2019

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THE HON'BLE DR.JUSTICE G.JAYACHANDRAN

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AND

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THE HON'BLE MR.JUSTICE C.V.KARTHIKEYAN

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APPLN.240 OF 2016 IN I.P. No.25 of 2014

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In the matter of the Presidency Towns Insolvency Act, III of 1909 and In the matter of Arjunlal Sunderdas ...Debtor

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I.P.NO.25 OF 2014

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Smt.Chitra Desai residing at 3A-302, Oakland Park, Yamuna Nagar, Lokhandwala Complex, Andheri (West), Mumbai.

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... Petitioning Creditor

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-VS-

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Mr.Arjunlal Sunderdas 23, Anderson Road, Nungambakkam, Chennai-600 006. ... Respondent / Debtor

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APPLN.NO.240 OF 2016

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The Official Assignee, High Court, Madras

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... Applicant

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

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-VS-

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1.S.Arjunlal Sunderdas 23,Anderson Road, Nungambakkam Chennai-600 006. ... 1^st Respondent/Insolvent

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2.S.A.Bhimaraja, Flat No.A-1, Whispering Heights, 132, St.Mary's Road, Alwarpet, Chennai 600 018. ... 2^nd Respondent/3^rd Party

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The above application having been heard on 06.12.2019 in the presence of Mr.K.V.Ananthakrushnan, Advocate assisted by Ms.A.Janani, Advocate for the Official Assignee of this Court, the applicant herein and upon reading the Judges Summon and report of the Official Assignee filed herein and having stood over for consideration till this day and coming on this day before this Court for orders in the presence of the aforementioned advocates and the Insolvent also confirmed that the second respondent had borrowed a sum of Rs.3,50,000/- through RTGS which was due on 21/04/2014 and he affirmed that the second respondent had not paid any amount towards discharge and

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it is ordered as follows:-

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https://hcservices.ecourts.gov.in/hcservices/ That the Second respondent be and is hereby directed to pay a sum of

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Rs.3,50,000/-(Rupees Three lakhs fifty thousand only) with interest at 18%

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p.a. from 21.04.2014 till date of realization with cost of the recovery

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proceedings.

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WITNESS, THE HON'BLE THIRU AMRESHWAR PRATAP SAHI, CHIEF JUSTICE, HIGH COURT AT MADRAS, AFORESAID THIS THE 17TH DAY OF DECEMBER 2019.

SD./-

ASSISTANT REGISTRAR

Original Side – I

//CERTIFIED TO BE TRUE COPY// DATED THIS THE DAY OF 2021.

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MANAGER

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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/

pk 06.08.2021

HIGH COURT, MADRAS

APPLN. No.240 OF 2016

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I.P.NO.25 of 2014

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THE HON'BLE DR.JUSTICE G.JAYACHANDRAN

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AND

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THE HON'BLE MR.JUSTICE C.V.KARTHIKEYAN

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DECREE DATED: 17.12.2019

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FOR APPROVAL: 09/08/2021

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APPROVED ON : 09/08/2021

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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/

The Official Assignee v. S. Arjunlal Sunderdas

Case brief

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The Official Assignee v. S. Arjunlal Sunderdas

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