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2019 (1) TMI 1809 - HC - Companies LawPermission to Official Liquidator to invite claims of all classes of Creditors i.e. Secured Creditors, Workers, Preferential Creditors, other creditors and Share Holders/ Contributories falling under section of the Company Act, 1956 and pursuant to rule 148 of the Companies (Court) Rules, 1959 - permission to Official Liquidator to appoint a Chartered Accountant firm from the panel maintained by the office of the Official Liquidator for adjudication/ verification of the claims to be received from the Creditors pursuant to publication of advertisement - Official Liquidator to make payment on receipt of Advertisement Bill from Concerned Agency from the fund available in Company account. HELD THAT:- The Official Liquidator has made full disbursement under Section 529A of the Companies Act, 1956 (‘the Act’) to the secured creditors and the workmen, except Kotak Mahindra Bank ltd., since it has not filed undertaking as required by order dated 9.2.2018 passed in Company Application - The Court finds that since the Official Liquidator is required to undertake the procedure of inviting claims under the provisions of the Act as also the Company Rules, the prayers contained in para 8(a) and (b) could be granted. As regards prayer 8(c), it will be open to the Official Liquidator to pray for issuing direction to make payment for advertisement to the concerned advertising agency after advertisement is issued and therefore, such prayer is not considered at this stage. The Report stands disposed of.
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