The Official Assignee v. P.Veerasamy
Case brief
What is this about?
Madras High Court, Senthilkumar Ramamoorthy J., APPLN No. 35 of 2026 in I.P.No.33 of 1996, decided 13-03-2026. Official Assignee v. P.Veerasamy (M/s.V.P.Swamy Agencies). Official Assignee's application for permission to declare and disburse first and final dividend at 0.29 paise in a rupee, Rs.10,59,708/-, to 19 proved unsecured creditors, supported by report dated 17.03.1999 showing total receipts Rs.10,86,548/- and admitted claims list, allowed as prayed for. No statutes or precedents cited; short administrative order.
What did the court decide?
Permission granted to the Official Assignee to declare and disburse the first and final dividend at the rate of 0.29 paise in a rupee, for a sum of Rs.10,59,708/-, to the 19 proved unsecured creditors in I.P.No.33 of 1996. ¶23