2004 (10) TMI 618

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..... ection to the Official Liquidator to remit sale proceeds to the extent of ₹ 18.25 lacs along with interest accrued thereon, if any, to the applicant to be applied towards the outstanding dues of the Company in liquidation. 2 Heard Mr.Pranav G.Desai, learned Advocate for the applicant and the Official Liquidator. It is stated by the learned Advocate for the applicant that a sum of ₹ .....

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..... y so as enable to disburse the aforesaid amount; B The Hon'ble Court may be pleased to be taken undertaking from State Bank of India that in the event, if called upon by the Hon'ble High Court, the applicant shall refund the amount, with interest on Fixed Deposit. C Such other and further order/directions as this Hon'ble Court may deem fit and proper after hearing all concerned . .....

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..... y of the term deposit receipt. 7 The Official Liquidator has stated in paragraph No.3 of his report that vide orders dated 24/1/1997 in Company Application No. 103 of 1995 with Company Application No.102 of 1995 this Court has issued orders to stay the sale of land and building till further orders and the applicant of the said application, viz. Gita Timber Mart has been permitted to file suit a .....

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