D.Subramani v. Ajeez
Case brief
What is this about?
The Madras High Court adjudicated the respondent as an insolvent under the Presidency Towns Insolvency Act, 1909, following a decree un-challenged due to failure to pay. The court directed the Official Assignee to take over the insolvent's assets and the insolvent to file a schedule of affairs.
What did the court decide?
Adjudication of the respondent as an insolvent; direction to Official Assignee to take over assets and affairs.
What the court decided
1
IN THE HIGH COURT OF JUDICATURE AT MADRAS
(IN INSOLVENCY)
MONDAY, THE 22ND DAY OF NOVEMER 2021 THE HON'BLE MR.JUSTICE SENTHILKUMAR RAMAMOORTHY INSOLVENCY PETITION NO.8 OF 2021
In the matter of Presidency Town Insolvency Act and In the matter of Ajeez, S/o.Anwar Basha Proprietor of A.R.Foundations No.10-A, 1st Cross Street, United India Colony, Kodambakkam, Chennai-24. D.Subramani, S/o.Damodharan, Proprietor Air Cool System, No.67, 3rd Main Road, CIT Nagar, Nandanam, Chennai-600 035. ... Petitioning Creditor vs Ajeez, S/o.Anwar Basha, Proprietor A.R.Foundation, No.10-A, 1st Cross Street, United India Colony, Kodambakkam, Chennai-600 024. ...Debtor
Insolvency Petition praying that this Hon'ble court be pleased to
a)adjudicate the Debtor as an insolvent b)direct that the estate of the debtor
be vested in the Official Assignee of Chennai, for the benefit of the general
2
Issues for consideration
2 issues framed by the court
Whether the debtor is liable to be adjudicated as an insolvent under the Presidency Towns Insolvency Act, 1909.
Whether the Official Assignee is directed to take over the assets and affairs of the adjudicated insolvent.
Parties & counsel
- petitioner
D. Subramani
- respondent
Ajeez S/o. Anwar Basha
Coram
Senthilkumar Ramamoorthy
Case details
As recorded by the court registry
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