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2020 (9) TMI 1005 - HC - Companies LawAuction Sale - Disbursement of the amount lying with the Official Liquidator pursuant to the auction sale - HELD THAT:- This Court has perused the report submitted by the Talati & Talati, Chartered Accountant dated 24th January 2020 together with Re-verification report dated 18th February 2020 for the claim of IDBI and State Bank of India - In view of the above fact situation, the Official Liquidator is directed to disburse the following amount from the balance lying in the account of the company in liquidation. The official liquidator is directed to verify the details of each of the worker and shall deposit the claim amount of each of the workers in their respective bank accounts directly by IMPS/RTGS/NEFT - The Official Liquidator is further directed that the amount payable to the secured creditors and unsecured creditors shall be deposited within the period of two weeks from the date of receipt this order directly in the bank account of the respective claimants by IMPS/RTGS/NEFT for which the respective advocates are directed to provide details of the bank account to the official liquidator at the earliest. Application disposed off.
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