TMI Blog2013 (8) TMI 1068X X X X Extracts X X X X X X X X Extracts X X X X ..... chwaha and Mr Ankit Khushu, Advs. for Alcatel Lucent India Ltd. ORDER 01.08.2013 CO.APPL.1073/2012 Report No.548/2013 filed by the Official Liquidator has been perused. The prayer made therein is that IFCI Ltd. be directed to deposit the entire sale proceeds with interest with the Official Liquidator, so that the payments may be made to the creditors in accordance with law as pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oval of the Company court for making the payments. His duties and functions cannot be made subject to the supervision of IFCI. I therefore direct IFCI to deposit the entire sale proceeds with the interest earned thereon with the OL within a week from today, as prayed for in the application so that payments could bemade to all the unsecured creditors in accordance with law. The application is ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng to the minutes, which is signed by officers from both the sides, IFCI has to pay 13,15,880/- to Zullu Security (India) Pvt. Ltd. with immediate effect. IFCI is accordingly directed to pay the amount in terms of the minutes without any further delay, and in any case within one week from today. So far as Alcatel Lucent India Ltd. is concerned, the learned counsel for the OL states that its cla ..... X X X X Extracts X X X X X X X X Extracts X X X X
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