9911796707
TMI Blog2002 (10) TMI 419X X X X Extracts X X X X X X X X Extracts X X X X ..... CRB Capital Markets Ltd. and hence would be liable to be wound-up along with the respondent-company-CRB Capital Markets Ltd.; that there is further possibility that the Applicant was a conduit for CRB Capital Markets Ltd., and, therefore, the Applicants assets ought not to be released; and that the shareholdings of the Applicant has not been disclosed, and since the Applicant is the party with knowledge of these facts, an adverse inference will be drawn against them. Mr. Batra, learned counsel appearing for the Applicant states that a report is already available. Meanwhile, the matter has been pending since 1997 and the present application since 1998. Therefore, sufficient time was available for finalising the accounts. In respect of other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A Valuation had been ordered and has been completed consequent upon which the Applicant has consented to purchase furniture and fixtures at a total price of Rs. 2,00,000 as fixed by this Court in the order dated 9-5-2001. Counsel for the Applicant states that this sum shall be deposited with the official liquidator within two weeks, to be retained by the official liquidator in the Pool of CRB Capital Markets Ltd. Account. It is so ordered. 4. Learned counsel for the Applicant has further drawn attention to the order of my learned brother A.D. Singh, J. passed on 3-3-1998 in respect of another property similarly placed, but belonging to CRB Resources Pvt. Ltd. in CA 189/1998. The following order was passed : "This is an application se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ossession of the flat as and when directed by the Court without any demur. Before handing over the flat to the applicant, the official liquidator will make an inventory of the fittings, fixtures and any other items lying therein. The undertaking will also state that if the flat is directed to be returned, the same will be returned along with the items listed in the inventory. The application is disposed of." 5. Learned counsel for the Applicant states that the Applicant will file similar undertakings in this Court within two weeks from today. Accordingly, on the aforementioned sum of Rs. 2,00,000 being deposited and undertakings being filed in conformity with the orders passed in CA 189/1998, the official liquidator is directed to desea ..... X X X X Extracts X X X X X X X X Extracts X X X X
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