This order permits the Official Assignee to refund Rs. 46,35,000 from the estate of Dr. R. Ashokan to the insolvent after hearing the application filed in Insolvency Petition No. 69 of 1999.
Permitted the Official Assignee to refund the sum of Rs. 46,35,000 to the insolvent Dr. R. Ashokan.
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)
MONDAY, THE 12TH DAY OF JULY 2021 THE HON'BLE MR.JUSTICE R.SUBRAMANIAN
APPLN. No. 54 of 2021
in IP. No.69 of 1999
IP No.69 of 1999
In the matter of the Presidency Towns Insolvency Act, III of 1909 and In the matter of Dr.R.Ashokan Proprietor of Arunraj Company... Debtor
Dr.R.Ashokan S/o.M.A.Rajamani, Proprietor of Arun Raj Company, No.6, South Street, West C.I.T. Nagar Nandanam, Chennai-35.
... Petitioner/Debtor
Appln. No.54 of 2021
The Official Assignee, High Court, Madras. ... Applicant -Versus-
Dr.R.Ashokan ... Respondent/Insolvent
Application praying that this Hon'ble Court be pleased to permit the Official Assignee to refund the sum of Rs.46,35,000/- (Rupees forty six
lakhs and thirty five thousand only) available in this estate to the insolvent https://hcservices.ecourts.gov.in/hcservices/ R.Ashokan.
2
The above application coming on this day before this court for
hearing in the presence of Deputy Official Assignee for Official Assignee,
the Applicant herein; and of Mr.J.Balagopal, Advocate for the Respondent/Insolvent herein; and upon reading the Judges Summon and Report of the Official Assignee filed herein; and
it is ordered as follows:-
That the Official Assignee be and is hereby permitted to refund the sum of Rs.46,35,000/- (Rupees forty six lakhs and thirty five thousand only) available in this estate to the insolvent Dr.R.Ashokan.
WITNESS THE HON'BLE MR.JUSTICE SANJIB BANERJEE, CHIEF JUSTICE, HIGH COURT AT MADRAS AFORESAID, THIS THE 12TH DAY OF JULY 2021.
Sd./-
ASSISTANT REGISTRAR
Original Side – I //Certified to be true copy//
Dated at Madras this the day of 2021.
MANAGER
INSOLVENCY OFFICE From 25th Day of September 2008 the Registry is issuing certified copies of the Orders/Judgments/Decrees in this format.
3
PK 14/07/2021
HIGH COURT, MADRAS
APPLN.NO.54 OF 2021 IN
I.P. No.69 of 1999
THE HON'BLE MR.JUSTICE R.SUBRAMANIAN
ORDER DATED: 12/07/2021
FOR APPROVAL: 14/07/2021
APPROVED ON : 15/07/2021
COPY TO:`
THE OFFICIAL ASSIGNEE HIGH COURT, MADRAS.
2 issues framed by the court
Whether to permit the refund of surplus estate funds to the insolvent.
Whether the Application number 54 of 2021 be allowed.
1 provisions across 1 enactments
The Official Assignee, High Court, Madras
Dr.R.Ashokan
R.Subramanian
Sanjeev Banerjee
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
