2003 (10) TMI 399

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..... 1. Heard learned counsel for the parties. 2. The petitioner has prayed, in this application filed under section 446 of the Companies Act, for a direction to the non-applicant, the Official Liquidator, to remove the seal/lock from the premises belonging to the petitioner-applicant which were under the tenancy of the Company (in liquidation), and to hand over peaceful vacant possession there .....

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..... eed the cost of the articles itself. 5. It is agreed upon between the parties that the petitioner-applicant shall give up his claim of the arrears of rent and will pay Rs. 1500 towards the cost of the furniture, fixtures etc. of the Company-in-liquidation, lying in the said premises. In addition to that, he will also pay Rs. 1500 to the Official Liquidator for transportation of the record of t .....

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..... vacant possession of the premises in question to the petitioner application within a period of one month. The petitioner-applicant is directed to give in writing that they will not raise any claim for arrears of the rent. He is further directed to deposit Rs. 3000 with the Official Liquidator forthwith. It is made clear that out of this amount, Rs. 1500 shall be taken as the value of the assets re .....

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