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TMI Blog2019 (7) TMI 2029X X X X Extracts X X X X X X X X Extracts X X X X ..... heir full claim on the basis of the certificate under Section 19(22) of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 - HELD THAT:- It is not in dispute that the amount which is lying in deposit with the bank through the Company Court will have to be sent to the Recovery Officer for disbursement. However, looking to the dispute between the secured creditors regarding thei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hri M.N. Phadke, Advocate for Bank of Maharashtra. Shri N.A. Padhye, Advocate for Kotak Maindra Bank. Shri M.M. Sudame a/w. Shri A.M. Sudame, Advs. for workers. Shri S.N. Deshpande, Advocate for Claimant. Ms Mugdha Chandurkar, Advocate for DRT. Shri S.V. Sohoni, Advocate for IDBI IFCI Bank Ltd. Shri S.Y. Deopujari, G.P. for Collector, Wardha and Sales Tax Dept. Shri Shantanu Khedkar, Advocate for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eader has put in appearance for Collector, Wardha and State Sales Tax Department, Nagpur. 5. Objection is raised on behalf of the unsecured creditors i.e. Collector, Wardha, State Sales Tax Department, Nagpur and Central Excise and Customs Department that secured creditors have waived their right of making any further claim after their claims are adjudicated by the Official Liquidator as per Rule ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . However, looking to the dispute between the secured creditors regarding their unsatisfied claims and the objection raised by the unsecured creditors regarding their entitlement and the claims made by the unsecured creditors, in my view, it would be appropriate at this stage to direct the Recovery Officer to ascertain the entitlement of the secured creditors and the unsecured creditors keeping in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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