Applications by the Official Assignee in a 2000 insolvency sought disbursement of 100 paise dividend to 1329 proved unsecured creditors, refund of surplus to the insolvent, return of property documents, payment of valuer and advocate fees, and annulment of adjudication. The Court allowed all applications and annulled the order of adjudication.
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.80 & 83 to 87 of 2024
Appln.Nos.80 & 83 to 87 of 2024 in I.P.No.78 of 2000
KRISHNAN RAMASAMY, J.,
The application in Appln.No.80 of 2024 has been filed to permit the Official Assignee to disburse the first and final dividend at rate of 100 paise in a rupee to the tune of Rs.92,68,804/- to the 1329 proved unsecured creditors.
Official Assignee to refund the surplus amount of Rs.4,90,000/- available in this estate to the insolvent.
order of adjudication dated 21.09.2000 adjudicating the debtor M.Uzhaipali Achari as insolvent in IP.No.78 of 2000.
Official Assignee to pay a sum of Rs.23,950/- being Valuers Fee payable to Page No.1/4
Appln.Nos.80 & 83 to 87 of 2024
Mr.P.Anbarasan for having valuated the property of the insolvent.
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Appln.Nos.80 & 83 to 87 of 2024
Official Assignee is permitted to disburse a sum of Rs.92,68,804/- along with interest, to the proved unsecured creditors.
05.04.2024
nsa
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Appln.Nos.80 & 83 to 87 of 2024
KRISHNAN RAMASAMY, J.,
nsa
Appln.Nos.80 & 83 to 87 of 2024 in I.P.No.78 of 2000
05.04.2024
Page No.4/4
1 issue framed by the court
Whether the Official Assignee should be permitted to disburse the final dividend, refund the surplus, return title documents, pay fees, and annul the adjudication of the insolvent.
Official Assignee
M.Uzhaipali Achari
Krishnan Ramasamy
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
