O/L of M/S Nine Apparels Pvt. Ltd. v. M/S New Fashion Planet
Case brief
What is this about?
Rajasthan High Court (Jaipur), Justice Mahendar Kumar Goyal, 11/07/2025 — disposal/closure of Official Liquidator recovery proceedings: S.B. Company Application Nos. 21–111/2016 (COAP) by OL of M/s Nine Apparels Pvt. Ltd. (in liquidation) against sundry debtors/loanees and ex-directors (Dilip Agarwal, Sanjay Jain, Shriram Fatehpuria, Vinay Vimalchand Sogani, Omesh Sehgal, New Way Retails Pvt. Ltd.), arising from Company Petition 16/2011; recovery proceedings closed as debtors untraceable (served by paper publication), recoveries meagre, remote possibility of recovery, no pending claims, ex-directors disclaim interest in proceeds; any recovery to be deposited in Common Pool Fund after adjusting expenses; no objection by respondents' counsel; appreciation recorded for OL Atma Sah.
What did the court decide?
Disposal (effective closure) of all the company applications/recovery proceedings, with the observation that any amount recovered by the Official Liquidator shall be deposited in the Common Pool Fund after adjusting the expenses.