A company liquidation matter where the court, relying on the Official Liquidator's report and the respondent's non-appearance, ordered payment of Rs.1,72,700/- with interest as prayed.
Ordered the respondent to pay Rs.1,72,700/- with interest at 18% per annum.
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Comp.A.No.21 of 2021 in C.P.No.279 of 2016
Comp.A.No.21 of 2021 in C.P.No.279 of 2016
R.SUBRAMANIAN, J.
This application has been filed under Section 446 of the
Companies Act seeking payment of a sum of Rs.1,72,700/- with interest at 18% per annum from 18.10.2016 till date of payment.
2. The report of the Official Liquidator reveals that the respondent is liable to pay a sum of Rs.1,72,700/- to the Company in liquidation as per the mortgage loan advanced to him.
3. Notice was ordered to the respondent. Though he was served on 17.05.2021, he has not chosen to either appear in person or through counsel duly instructed. There has been no reply to the notice issued by the Official Liqudator prior to the filing of this petition, despite service of such notice.
4. Accepting the report of the learned Official Liquidator, this application is ordered as prayed for.
09.07.2021
dsa
Comp.A.No.21 of 2021 in C.P.No.279 of 2016
R.SUBRAMANIAN,J
dsa
Comp.A.No.21 of 2021
in
C.P.No.279 of 2016
09.07.2021
1 provisions across 1 enactments
R. Subramaniam
As recorded by the court registry
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