9911796707
TMI Blog2016 (3) TMI 789X X X X Extracts X X X X X X X X Extracts X X X X ..... D TRIVEDI, ADVOCATE, MR JS YADAV, ADVOCATE, OFFICIAL LIQUIDATOR ORAL ORDER 1. This application has been preferred by the applicantState Bank of India, interalia, with a prayer to direct the Official Liquidator of M/s.Jechins Pharmaceuticals Limited (in liquidation) to pay an amount of Rs. 1,39,65,796.12ps. towards interest awarded at the rate of 6% per annum as per the Recovery Certificate No.1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat has been put to sale, has calculated the interest at the rate of 6% per annum on the total amount for which the Recovery Certificate has been granted by the DRT, Ahmedabad. After adjusting the credits received by the applicant, the amount comes to Rs. 1,39,65,796.12ps. as on 31.01.2014. 4. Mr.J.S.Yadav, learned advocate for the Official Liquidator has submitted on the basis of the report date ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ied towards the adjudicated claim of the applicant, under Section530 of the Companies Act, 1956. 5. Referring to paragraph8( 1) of the Report, Mr.J.S.Yadav, learned advocate for the Official Liquidator has submitted that the fund position in the account of the company in liquidation, as on 30.11.2015, is as under : Bank 21,47,883.25 FDR 3,42,51,069.00 Total 3,63,98,952.25 6. He fur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tered Accountants, made in its report dated 27.11.2015 and file the usual undertaking that, in the event that the Official Liquidator requires any amount to clear the dues of the Income Tax Department and other Government authorities, the applicantBank shall immediately refund the amount as may be called for by the Official Liquidator. 7. Mr.P.R.Nanavati, learned advocate for the applicantBank ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... om 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. (iv) The Official Liquidator is also permitted to make the payment of Rs. 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 Ac ..... X X X X Extracts X X X X X X X X Extracts X X X X
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