{"id":142097,"date":"2008-03-13T00:00:00","date_gmt":"2008-03-12T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/the-official-liquidator-of-ms-vs-ruckmani-on-13-march-2008"},"modified":"2015-01-01T07:10:08","modified_gmt":"2015-01-01T01:40:08","slug":"the-official-liquidator-of-ms-vs-ruckmani-on-13-march-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/the-official-liquidator-of-ms-vs-ruckmani-on-13-march-2008","title":{"rendered":"The Official Liquidator Of M\/S. … vs Ruckmani on 13 March, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
The Official Liquidator Of M\/S. … vs Ruckmani on 13 March, 2008<\/div>\n
Author: Ajit J Gunjal<\/div>\n
pu-\n\nTHE HON'BLE MR;kJ:1s'r1 cm:k[ 1'-\u00a5.;I_l'1\" J   %\n\n<:.A. No%%i2;2u1sf 2004 1  % \n\n1 THE' -DFF!G_EAL4.LIQUII)AT0R. or-' M\/B. BREE 0.L'I'D\n\nAY:{:~.P?A  F{:.z~.?Bs PW LHviI'I"ED {ire LION}\n\n ATrAcHED.T0 'HIGH ~-COURT OF KARNATAKA\n\n D ANE}_.,F'_'WiNG,"4TH FLOOR\n\n1vv1.KENDRIYjASADAN"\nr3Ar4QALo1<E 34-._  \n\n APPLICA't\ufb02'.\n\n%  _ (B j\u00a7r em TI.")l\u00a7;EPAVK;''AADV. ;\n\nX  Mm. RUGKMAN1\n. Ho 0 435,  01.4.3 TOWN gm?\n"VIMANAPURA (POST)\n\nI:3A1"\ufb01}tu;u" "RE 17'\n\n 2 Mr. GKRISI-INA\n\nGRE ASSISTAHT SUPER'.\/ISQR\nCHANDRAPPA BUILDING,\nNO *2 Ivi:'h'%fxTI-it's}-I:'xLLI\n\nBANGALORE 37\n\n\n\nI0\n\n3 Mr. ISSAR msrm\nN0 102 3RD ozems R31'. "mm\nBANGALORE\n\n4 Mrs. s JAYANTHI \nNo 102 am) oxoss\n NAGAR\nBANGALORE\n\n. . ,,.;. R\u00a3:sPom_3I;:N'rg.\n\nThis Company Application. 'is;  under Section\n446(2}(h) of t}1c.,__Comj)\u00e9I1i\u00e9;:5 Rot, 195.f5'and read with Rule 9\nof the Companies {Comfy "R_t1les,....1\u00ab959  that this\nCourt bc  to _o1_\u00a7dc,r to p-a._v to the applicant a sum of\nRs.29,443,'  ' c.-;:r:-actual rate of iritti\ufb01st @36%\nper  4* :;,Amon.th_1y compommcd from 3.7.2001 to\n13.34.2002"  'up Order date) on the principle of\nRs.23,0~00_l-  d\n\nI\nP\nI'\n:-\nI\n\nThis  ._c rm-.;-a~; on f'1'- heath' u d ' '\n\nmfzdc the fol1owingf'\n\n v'I'f:.iii-.s\u00e9,'V.\u00e9tv1V1-plicat\ufb01on is \ufb01led under section 446 (2) (b) of\n\nt11e~.C(:nipan_ic:3 Act, 1955,  R111- 9 -1' me Compmides\n\n _{Court) Ri.i1's, 19=9. company  iiquidation i.c., ivi\/'s sree\n\n Ayyappa Chit Funds Private Limited, was ordered to be\n\nwound up by an order of this court on 13.3.2002 passed in\n\nCompany Petition No. 74\/2001 65 149 to 156\/2001. The\n\n& 7\n\n\n\n......... A . 1...... .. .'..'.1a.....'...t.'.i_1..'...-.-\n\n_ 'r:.._-:.:|-4..__ -1.' 4.1.... .. .... ...- .....4. 4...  , .\n3 1.41 lJ..lul1!.Ul U1 USU L p ly _|_-J11-lialuu\ufb02llla LU'  LI-\n\nunder section 449 of the Act; "  .-- ii:  =\n\n2 The \ufb01rst respondent _ 2 woe   <\/pre>\n
C-…it ronn 96 A. -8 twin<\/p>\n
u… ‘pr .. – –  ..–.–. q—<\/p>\n
n Rants 1 – Fain _”\n<\/p>\n
we chit was Rs. 5u,mJ\\;.r;-;.___;;1\u00a5:vic\ufb01_
\nhighest bid\u00a21e1?::”o.1:_   group No. AA-8
\nhaving   on 18.11.1993 and
\n  on 20.12.1993. The<\/p>\n
ad 4. who are<\/p>\n
  d  _  i’esponr_ie_.ts 2, -3<\/p>\n
sureI’:ies,’11;a.<iv executed… -7a promissory note for Rs. 46,2561'-<\/p>\n
  onj'i2Q_._f12.v_19S\u00a7S"'inihvour of the company promising to pay<\/p>\n
    interest at themte of 3% per month.<\/p>\n
3. ‘~ Aimr the wmpzany was wound up and at-er loomng<\/p>\n
  the records, it was found that the respondent. <\/p>\n
  V ijointly and severally are liable to pay a sum of Rs. 33,391]-<\/p>\n
to the company. Notice was issued to the respondents on<\/p>\n
4.6.2003 callm upon them to pay the amount of Rs.<\/p>\n
,Wi….,
\n\/2’.\n<\/p>\n<\/p>\n
  -aipplicant would clearly dieeleee t!I_n:.t the<\/p>\n
db<\/p>\n
22,500\/- due by them to the company as <\/p>\n
submitted by the Ex–Directoers. It is to  <\/p>\n
Ex-Directors submitted the  ‘ \u00a7.;_e’:~ Z<\/p>\n
ICUUIJUI ‘ \ufb01’<\/p>\n
._{8.l\u00abll\\J<\/p>\n
‘Fit<\/p>\n
tjie re1.ri.sied st.-:.te.r.I.r-.ent the oi*.giieaI’– _ ‘i”i””<\/p>\n
._?_#_.ha”\n<\/p>\n
23,000;-. Copies of the msiages  siiiee
\nthe respondents did ‘jjiigt   and make
\npayment, the present  <\/p>\n
{.0<\/p>\n
V.  was issued to the
\n  served and unrepresented
\nand  dated 20.12.2007 the
\nrespondeuts   ex parte. %<\/p>\n
Liqiiidatier<\/p>\n
….;e.v  has  one<\/p>\n
 as PW. 1, working as Assistant in the oiiiee<\/p>\n
  of the eiiieiai Liquidator. An amdavit by way of evidence is
\n   \ufb01led. A perusal of the evidence adduced by the<\/p>\n
1!-‘_gw%nn-I ant<\/p>\n
pi’: III! A litll-Ixluila<\/p>\n
‘v’v’<\/p>\n
i<\/p>\n
Cierk arid Typist in the Purchase<\/p>\n
I”Jepartment. She was a member of Chit Group No. M-%<\/p>\n
‘X<\/p>\n
f<\/p>\n
3<\/span><\/p>\n
?”l<\/p>\n
‘R<\/p>\n
and was the highest bidder at the  on<\/p>\n
18.11.1993 Ofthc Chit Group AA-8   <\/p>\n
Surety and Security  is  <\/p>\n
Respondent, .2 L. 4 s.ic.n.g ..,i.’i
\nan m derm-*’d pr\ufb01missoiji
\nExs. P.3 and 9.4  issued and
\nsigned by the    to pay the
\nassured suiizi   menus. E.-i.P.5 is a
\nreceipt    and  iv to
\n4   Ex.P.6 is the bred: up
\n  ipaymurlt which is also signed by
\nthe iiist   “Ex.p.a is the appiicstion form for<\/p>\n
_ .  as a mciiibcr. Ex.i=,9 1. me -=-………|-“y cc.-H4’-……….i.-s of<\/p>\n
  fcgpQn.\u00a7e..u;t\u00a52-ciesuw is,-; we Hind-ii\ufb01isn Acncnauiics Ltd.<\/p>\n
ii?  salary cciiiiicatc in so far as it iciaics to<\/p>\n
“\u00bbijespo.’rii!$:iit-3. Ex.P.l1 is the salary certi\ufb01cate in respect of
\nx  : “~.IVj’esp. <indent-4. Ex.P. 12 is the salary certi\ufb01cate ci<\/p>\n
   ..respondent-1.\n<\/p>\n<\/p>\n
5. since the \ufb01rst respondent assaulted in the<\/p>\n
amount due to the company in lit11I1daI:l\u00a2.)i1;”‘:i\u00a7.:t  <\/p>\n
was issued on 9.7.1994 as  <\/p>\n
default letters ta_c,1d_,rcs_IIsel.’|. to_ I
\nt-.\u00ab-.si~i:m as E.-ts.i–*. 14 to A    to
\nrespondents 1 and 2.  toA ‘1v)t\u00a7tAy’ivhe money is
\nto be found at  is at Eit.P. 24.\n<\/p>\n
5.  %it which is
\nas Ert,vP\u00a5’.\u00a7{\\;*~   is at page No. 45, which
\nis    \ufb01rst respondent is due to the
\napplicaxit   by it.\n<\/p>\n
-‘7′”.\n<\/p>\n
 ..’7V;    ..f new watt:-tm’-zs, it is autiritiantiy clear<\/p>\n
 psrticipated in the chit activities and had availed the
\nA’  : ‘l(V1’I’t’iI1.’..iz&)1′ Rs. 50,000\/-. The staticmcnt of amount \ufb01led along<\/p>\n
23,m,e. If i1tei’t’:’t ‘s added at  per <\/p>\n
3.7.2001 to 13.3.2002 and the  ad<\/p>\n
14.3.2002 to 31.3.2004 including notjcc  <\/p>\n
amount payable by mspondcditd A’  Rs. A<\/p>\n
33,391,\/-.\n<\/p>\n
8. It is also s1gni’  ti)-dicize respondents are
\nserved and  [ax The evidence
\nadduced by i.f\u00a2:mdi_ncd -..-…cr….m.tcm. an-:1<\/p>\n
   3<\/span><\/p>\n
9. Havmgk%*d    t_dti’ ic evidence adduced both oral and<\/p>\n
  I the View that the claim made by the<\/p>\n
  is be granted. Co,m,m.a_ny Adm Na.<\/p>\n
4L22,)%2od4  ;-and-.-.n… in am-s — ‘<\/p>\n
E5\n<\/p>\n
6|
\n‘5:\n<\/p>\n
E
\n\u00e9<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court The Official Liquidator Of M\/S. … vs Ruckmani on 13 March, 2008 Author: Ajit J Gunjal pu- THE HON’BLE MR;kJ:1s’r1 cm:k[ 1′-\u00a5.;I_l’1″ J % <:.A. No%%i2;2u1sf 2004 1 % 1 THE' -DFF!G_EAL4.LIQUII)AT0R. or-' M\/B. BREE 0.L'I'D AY:{:~.P?A F{:.z~.?Bs PW LHviI'I"ED {ire LION} ATrAcHED.T0 'HIGH ~-COURT OF KARNATAKA D ANE}_.,F'_'WiNG,"4TH FLOOR 1vv1.KENDRIYjASADAN" r3Ar4QALo1<E […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-142097","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nThe Official Liquidator Of M\/S. ... vs Ruckmani on 13 March, 2008 - Free Judgements of Supreme Court & High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/the-official-liquidator-of-ms-vs-ruckmani-on-13-march-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Official Liquidator Of M\/S. ... vs Ruckmani on 13 March, 2008 - 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