TMI Blog2020 (9) TMI 1005X X X X Extracts X X X X X X X X Extracts X X X X ..... ll 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. - R/Company Application No. 30 of 2020 With R/Company Application No. 15 of 2020 With Civil Application (For Direction) No. 1 of 2020 In R/Company Application No. 15 of 2020 - - - Dated:- 7-9-2020 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dated 31st January 2019, the Official Liquidator invited claim of all classes of creditors i.e. secured creditors, workers, preferential creditors, unsecured creditors and shareholders / contributories of the Commercial Ahmedabad Mills Ltd., (in liquidation) on 18th February 2019 by publishing advertisement in Gujarat Samachar, Gujarati daily and Times of India, English daily, all editions of Gujarat. 5. Pursuant to the aforesaid advertisement, the Official Liquidator received the claims from the secured creditors, workers and unsecured creditors. 6. Thereafter, the official liquidator appointed M/s. Talati Talati, Chartered Accountant vide letter dated 25th March 2019 for verification of claims of all classes of creditors. 7. M/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as on 11.10.1989 till date of payment interest at simple rate 4% from 11.10.1989 to 09.02.2018) on Outstanding notice salary, leave salary and bonus as on 11.10.1989 till date payment. 25,88,58,661/- Workers Conclusion-IV Reimbursement of Municipal Tax Paid to Ahmedabad Corporation 2,51,00,000/- M/s. Siddhi Corporation Conclusion-V Lease Rent and Interest thereon 36,075/- Chimanlal Jivrajbhai Kapuriya Conclusion-VI Total 41,44,50,404/ 8. The of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Amount of Security and Insurance Charge considered as payable (II) 16,06,331/- Total (I+II) 2,97,10,217/- 10. The official liquidator also received a letter dated 6th February 2020 from the State Bank of India with a request to consider the revised claim of ₹ 10,77,03,280.24 instead of ₹ 9,93,77,016/. The official liquidator thereafter, received reverification report dated 18th February 2020 from the Talati Talati, Chartered Accountant in respect of the claim of the State Bank of India as under :- Particulars Amount in Rupees Refere ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , all the advocates have agreed by consensus for disbursement of the amount as per para-18 of the official liquidator report dated 13th March 2020. Accordingly, 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. 14. 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. Sr. No. Claimant Particulars Amount in Rupees 1. IFCI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10,77,03,280/- Total :- 10,77,03,280/- 5. M/s. Siddhi Corporation Reimbursement of Municipal Tax Paid to Ahmedabad Corporation 2,51,00,000/- 6. Chimanlal Jivraj bhai Kapuriya Lease Rent and interest thereon 36,075/- Total (1 to 6):- 42,29,76,668/- 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 res ..... X X X X Extracts X X X X X X X X Extracts X X X X
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