Mrs.B.Prakash v. 1.M/S.A.SHANKARALINGAM
Case brief
What is this about?
Madras High Court order dated 27-01-2025 by Justice P.B. Balaji disposing of seven insolvency petitions (IP Nos. 154/2001, 122/2001, 135/2002, 4/2003, 45/2002, 73/2003, 67/2001): upon the first respondent paying Rs.1,53,067/- by demand draft (No.886222, dated 22.01.2025) to the Official Assignee towards amounts due in respect of the insolvent estate, two petitions were dismissed and five adjudications were annulled, with a direction to refund administrative charges and claim amounts to creditors within two weeks. Keywords: annulment of adjudication, Official Assignee Madras High Court, insolvency estate discharge, petitioning creditors, refund of administrative charges.
What did the court decide?
I.P.Nos.122 of 2001 and 4 of 2003 dismissed; adjudications in I.P.Nos.154 of 2001, 45 of 2002, 135 of 2002, 73 of 2003 and 67 of 2001 annulled; Official Assignee directed to refund administrative charges and claim amounts, as applicable, to the respective creditors within two weeks.