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2016 (3) TMI 789 - HC - Companies LawInterest awarded at the rate of 6% per annum as per the Recovery Certificate to the applicant, being a Secured Creditor - directions to official liquidator to use available funds of sale proceeds of the assets of the Company (in liquidation), which was charged to the applicant-Bank at village Kundal - Held that: The Official Liquidator is permitted to disburse the adjudicated claim amount of ₹ 1,39,65,796.12ps. out of the available funds in the account of the company in liquidation to the applicantState Bank of India under Section530 of the Companies Act, 1956. The State Bank of India shall file the usual undertaking before the office of the Official Liquidator. The Official Liquidator is permitted to make the payment of ₹ 2,05,354/from the account of the Company maintained in his office, to M/s.Navnitlal & Co., Advertising Agency, being the advertisement expenses as per the bill raised by the said Agency dated 28.08.2015. The Official Liquidator is also permitted to make the payment of ₹ 28,625/from the account of the Company to M/s.P.Dalal & Co., Chartered Accountants, as per the bill raised by the said Chartered Accountant, dated 27.11.2015.
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