The averments in brief are that the Official Liquidator by selling the available assets of the company in liquidation has realized a sum of Rs.1,50,00,000/-. In Company Application No. 1392 of 2005 vide order dated 25.04.2006 the sale was confirmed by this Court. According to the details furnished by the Ex Directors and also details gathered by the Official Liquidator, IFCI is the sole secured creditor of the company in liquidation. The Official Liquidator in terms of order dated 13.09.2006 in Company Application Nos. 610 of 2006 and 124 of 2009 made interim payment of Rs.1,30,00,000/- to the secured creditor. On 26.11.2013 the Official Liquidator invited claims from the creditors of the company in liquidation. Pursuant to paper publication dated 26.11.2013, the Official Liquidator submits that his office has not received any fresh claims. The claims voluntarily presented have been examined and finally adjudicated. This Court vide order dated 20.03.2014 condoned the delay in filing Form No.71. At the time of hearing, Mr.Anil Kumar learned Counsel appearing for Official Liquidator has drawn attention of this Court to Form No. 71, and mode and manner of disbursement of balance sale consideration towards dividend between IFCI and Indian Oil Corporation Limited (petitioner in Company petition No. 142 of 2002).
