Company application by the Official Liquidator seeking permission to execute a receipt deed cancelling a 1990 regular mortgage, based on a report that the loan was fully repaid and the account closed on 24.07.1993. The court allowed the application.
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Comp.A.No.70 of 2024
C.SARAVANAN, J.
Comp.A.No.70 of 2024 in C.P.No.156 of 2005
This Company Application has been filed to permit the Official Liquidator to execute Receipt Deed for cancellation of Mortgage in favour of the respondent herein on the file of concerned SRO, Sowcarpet for the house and land situated at (Old No.47A), New No.16, Paramanandam Mudali Street, Seven Wells, Chennai – 600 001 and to permit the Official Liquidator to incur cost of this application from and out of the funds of the company (in Provisional Liquidation).
C.SARAVANAN, J.
Comp.A.No.70 of 2024
jas
Company in Provisional Liquidation received from the ex-administrator and found an endorsement “Loan Fully Closed on 24.07.1993 by the then Chief Executive Officer of the Company (in Provisional Liquidation). An extract of the Document register No.17 page No.175 is annexed and marked as Annexure - “B”.
allowed.
01.03.2024
jas
Comp.A.No.70 of 2024 in C.P.No.156 of 2005
1 issue framed by the court
Whether the Official Liquidator may execute a receipt deed cancelling the mortgage after the company in provisional liquidation confirmed the loan was fully closed on 24.07.1993?
Official Liquidator
Respondent (mortgagor, house and land at New No.16, Paramanandam Mudali Street, Seven Wells, Chennai)
C.Saravanan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
