Official Liquidator sought permission to pay ITCOT Rs.24,780 from company-in-provisional-liquidation funds for a valuation report dated 21.03.2024. The court ordered the application as prayed in clauses (b) and (c) of the Judge's Summons.
Permission granted to pay Rs.24,780/- to ITCOT as prayed in clauses (b) and (c) of the Judge's Summons.
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Comp.A.No.118 of 2024 in C.P.No.57 of 1998
SENTHILKUMAR RAMAMOORTHY,J.,
By this application, the Official Liquidator seeks permission to make payment of Rs.24,780/- (Rupees Twenty four thousand Seven hundred and Eighty only) to the Industrial and Technical Consultancy Organization of Tamil Nadu Limited (the “ ITCOT ”) from and out of the funds of the company in provisional liquidation. The services of ITCOT were engaged to undertake valuation. Pursuant thereto, the ITCOT has submitted the valuation report dated 21.03.2024. Therefore, this application is ordered as prayed for in clause (b) and (c) of the “Judge's Summons”.
10.07.2024 (1/2)
klt
1 issue framed by the court
Whether the Official Liquidator should be permitted to pay ITCOT Rs.24,780/- for valuation services from company funds in provisional liquidation?
Official Liquidator
Industrial and Technical Consultancy Organization of Tamil Nadu Limited (ITCOT)
Senthilkumar Ramamoorthy
As recorded by the court registry
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