On an application by the Official Assignee in an insolvency proceeding, the Madras High Court permitted the disbursement of Rs. 83,000 to the sole proved unsecured creditor and ordered the closure of the estate administration.
Order permitting Official Assignee to disburse Rs. 83,000 to Mr. K. Jayaraman and close the administration of the estate.
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.60 OF 2021 IN I.P. No.80 OF 2004
I.P.No.80 of 2004:-
In the matter of Presidency Town Insolvency Act and In the matter of K.K.Sivadasan ...Debtor /Petitioner
K.K.Sivadasan, S/o.V.Kunji Krishnan, Residing at Narayana Apartments in No.48, First Floor, Tirumalai Pillai Road, Chennai T.Nagar, Chennai – 600 017. ...Petitioner/Debtor
Appln.No.60 of 2021:-
The Official Assignee, High Court, Madras. ...Applicant
-VS-
K.K.Sivadasan ...Respondent/Insolvent
Application praying that this Hon'ble Court be pleased to permit the
https://hcservices.ecourts.gov.in/hcservices/ Official Assignee to disburse the available amount of Rs.83,000/- (Rupees
Eighty three thousand only) to the only proved unsecured creditor
2
Mr.K.Jayaraman.
The above application coming on this day before this court for
hearing in the presence of the Deputy Official Assignee for Official Assignee, the applicant 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 disburse
the available amount of Rs.83,000/-(Rupees Eighty Three thousand only) to
the only proved unsecured creditor Mr.K.Jayaraman and to close the administration of the estate.
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 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 28/07/2021
HIGH COURT, MADRAS
APPLN.NO.60 OF 2021 IN I.P. No.80 OF 2004
THE HON'BLE MR.JUSTICE R.SUBRAMANIAN
ORDER DATED: 12/07/2021
FOR APPROVAL: 02/08/2021
APPROVED ON : 02/08/2021
COPY TO:-
THE OFFICIAL ASSIGNEE HIGH COURT, MADRAS.
1 issue framed by the court
Whether the Official Assignee is permitted to disburse the available funds to the only proved unsecured creditor and close the administration of the estate.
1 provisions across 1 enactments
K.K. Sivadasan
The Official Assignee, High Court, Madras
Mr. K. Jayaraman
R.Subramanian
Sanjeev Banerjee
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
