The court allowed applications by the Official Assignee to declare and disburse the first and final dividend at 0.34 paise in a rupee to 20 proved unsecured creditors, closing the administration of the estate.
Applications allowed; declaration and disbursement of first and final dividend; administration of the estate closed.
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.
Appln.Nos.170, 171 of 2022
Appln.Nos.170, 171 of 2022 in I.P.No.160 of 2002
SENTHILKUMAR RAMAMOORTHY, J.
The Official Assignee has filed these applications to declare and disburse first and final dividend at the rate of 0.34 paise in a rupee to the 20 proved unsecured creditors.
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Appln.Nos.170, 171 of 2022
filed Claim No.185 of 2006 for a sum of Rs.29,59,122/-. The claim of the secured creditor was admitted in a sum of Rs.34,49,700/- and disbursed to
the secured creditor from the sale proceeds of the mortgaged property on 19.03.2010.
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Appln.Nos.170, 171 of 2022
particular, the availability of the sum of Rs.21,07,014/- for disbursement of dividend to the 20 proved unsecured creditors, these applications are liable to be allowed. Accordingly, Appln.Nos.170 and 171 of 2022 are allowed as prayed for. Consequently, the administration of the estate is closed.
10.10.2022
rna
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Appln.Nos.170, 171 of 2022
SENTHILKUMAR RAMAMOORTHY, J.
rna
Appln.Nos.170, 171 of 2022 in I.P.No.160 of 2002
10.10.2022
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Official Assignee
Insolvents
SENTHILKUMAR RAMAMOORTHY
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
