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COMA/253/2010 1/ 1 ORDER
IN
THE HIGH COURT OF GUJARAT AT AHMEDABAD
COMPANY
APPLICATION No. 253 of 2010
In
COMPANY
PETITION No. 156 of 2002
=========================================
STRESSED
ASSETS STABILISATION FUND - Applicant(s)
Versus
OFFICIAL
LIQUIDATION OF M/S KANORIA DYE CHEM LTD ( IN LIQU & 4 -
=========================================
Appearance :
MR
BH BHAGAT for Applicant(s) : 1,
MR.HIREN M MODI for Respondent(s)
: 1,
MR HS MUNSHAW for Respondent(s) : 2,
MR NAVIN K PAHWA for
Respondent(s) : 3,
======================================
CORAM
:
HONOURABLE
MR.JUSTICE ANANT S. DAVE
Date
: 01/04/2011
ORAL
ORDER
The
Official Liquidator has filed report dated 13.9.2010 in which it is
admitted that the Official Liquidator is having fund of
Rs.2,33,29,662/- in the company’s account. It is submitted that the
Official Liquidator may be permitted to invite the claim by issuing
public advertisement in two newspapers having wide circulation in the
area.
The
learned counsel appearing for the applicant submits that the above
process may be expedited since a few secured creditors are having
claim and no workman has lodged any claim till now.
Considering
the above, the Official Liquidator is permitted to issue public
advertisement in two newspapers having wide circulation in the area,
as discussed in paragraph 14 of the report. The above exercise be
done within two weeks from today.
Copy
of this order be given to the learned advocate appearing for the
Official Liquidator.
S.O.
To 20.4.2011.
(ANANT
S. DAVE, J.)
(swamy)
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