This order allows the Official Liquidator to increase the percentage of interest from investments transferred to the common pool fund from 10% to 40% to meet salary requirements for one year.
Official Liquidator permitted to increase remittance percentage from 10% to 40% for one year.
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.
Comp. A.No.187 of 2021
SENTHILKUMAR RAMAMOORTHY J.,
Comp. A. No.187 of 2021
This application relates to increase of the percentage of interest from investments to be transferred to the common pool fund. The applicant seeks an increase from 10% of interest earned to 60%.
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Comp. A. No.187 of 2021
Liquidator to increase the percentage of interest from investments to be transferred to the common pool fund from 10% to 40%. This order shall operate for a period of one year from 26.11.2021 and will be subject to review and further orders thereafter.
26.11.2021
rrg
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Comp. A. No.187 of 2021
SENTHILKUMAR RAMAMOORTHY J.,
rrg
Comp. A.No.187 of 2021
26.11.2021
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1 issue framed by the court
Whether the percentage of interest from investments transferred to the common pool fund be increased.
Applicant
Official Liquidator
SENTHILKUMAR RAMAMOORTHY
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
