The Official Assignee v. M.Kasturi
Case brief
What is this about?
J. Senthilkumar Ramamoorthy allowed two applications by the Official Assignee to declare and distribute a dividend of 0.71 paise in a rupee to 68 unsecured creditors from the admitted claims of an insolvency estate.
What did the court decide?
Applications declared and disbursing dividend at 0.71 paise per rupee to 68 unsecured creditors; allowed.