{"id":156022,"date":"2010-10-27T00:00:00","date_gmt":"2010-10-26T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/v-k-powercoated-furniture-vs-the-official-liquidator-of-mysore-on-27-october-2010"},"modified":"2018-05-24T22:34:29","modified_gmt":"2018-05-24T17:04:29","slug":"v-k-powercoated-furniture-vs-the-official-liquidator-of-mysore-on-27-october-2010","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/v-k-powercoated-furniture-vs-the-official-liquidator-of-mysore-on-27-october-2010","title":{"rendered":"V K Powercoated Furniture &#8230; vs The Official Liquidator Of Mysore &#8230; on 27 October, 2010"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">V K Powercoated Furniture &#8230; vs The Official Liquidator Of Mysore &#8230; on 27 October, 2010<\/div>\n<div class=\"doc_author\">Author: H N Das<\/div>\n<pre>IN THE HIGH COURT OR KARNATAKA AT BAN_GA I.\u00a7,?RE\n\nDATED THIS THE 27th DAY OF OCTOBIIIT-i,'%'2()'jI{JC;--i   .\n\nBEFORE\n\nTHE HO1\\E\"BLE MR. JUSTICE HR: E\\fAIC\u00a7'\ufb01I1t{({\ufb01HAiV\" \n\nC.A.No.8S-Tl\/2010'.CO.I?;A1O6,f2.0O:I    \nBETWEEN:   \"   --  \n\nV.K.POWERCOATED F'[F{N~ETUR.E INDUSTRY\n\nA PROPRIETARY CONCERN I~IIAv:1\\;\u20acr;;:.IT\"S-- ffj  \" - _\n\nOFFICE AT BYEPASS ROAD, GOLITARUD-I. ' v  _ \n\nVIJAYAWADA RURA_L. RiI'15RES\u00a7;NTRD-- BY ITS \n\nPROPRIETOR SR V;:IORN'1RERNARD   ' ~~  ,,A_RI&gt;L1CANT\n\n(By SR.:SRRRVATS.A.C_SR,COI3I~\u00a7:SEL, FOR\nM\/S\"'SAREEVATSAV\"ASSOCSEJATES )\n\nAND:\n\n -  THE 'OFRICIAL LIC)j;IIl).A'1'OR\n fOIi1vrYS'O'RE KIRLOSKAR LIMITED\n _ (COI\u00bbIPAm'.,II~ILIr;I}TDATION)\n\" IIONBLE. HIGI1,;'C'OURT OF KARNATAKA\n\n4R' FLOOR, DT_9:.:' F WING, KENDRIYA SADAN,\n\nV -V  BANGALORE ~ 560 034. RESPONDENT<\/pre>\n<p>V&#8217; &#8221;  g .. (&#8216;Ry Sgi ICSMAHADEVAN, ADV.,)<\/p>\n<p>%  THIS APPLICATION IS FILED UNDER SECTION 446 (1)<\/p>\n<p>  Si.  (2) OF THE COMPANIES ACT, 1956 R\/W RULE 9 WW RULE<\/p>\n<p>11(b) OF THE COMPANIES COURT RULES, 1959, PRAYING<\/p>\n<p>I&#8211;._<\/p>\n<p>&#8216;.-&#8216;<br \/>\nd&#8217;.&#8221;&#8221;-J\n<\/p>\n<p>9.<\/p>\n<p>TO ALLOW THE APPLICATION BY DIRECTINVGi\u00bb._4iii&#8217;FHE<\/p>\n<p>RESPONDENT TO DISBURSE THE SUM OF Eps,s&#8217;i,oo\u00ab,&#8217;oQoxi\u00abn<br \/>\nBEING 80% OF 78,75,094\/~ BEING THE SECURED DE&#8211;BT._yC&#8217;Fp&#8217;<br \/>\nTHE UNITED INDIA INSURANCE COMPANY L_IMI&#8217;1&#8243;&#8211;EI) END  <\/p>\n<p>This application coming on foriiiorders this.&#8217;d,ay,\u00bb.the <\/p>\n<p>made the following; V<br \/>\n_.0RpfRh;\n<\/p>\n<p>The applicant in assignee of the debt<br \/>\ndue to the  liquidation. The<br \/>\napplicant  creditors is before this<br \/>\ncourt   &#8220;Liquidator to consider its<br \/>\nclaim and  extent of assignment. Learned<\/p>\n<p>counseli for the Official Liquidator submits that they have invited<\/p>\n<p> claims ini&#8217;respect__of the company in liquidation and they have<\/p>\n<p>receiyed  It is further submitted that 8.11.2010 is fixed<\/p>\n<p> the&#8221;  for the adjudication of the claims including the<\/p>\n<p> _ i &#8216;app.lic&#8217;ant herein. In the circumstances, the Official Liquidator is<\/p>\n<p> &#8220;directed to consider this application as claim petition by the<\/p>\n<p>I-&#8230;..\n<\/p>\n<p>it<\/p>\n<p>applicant\/assignee and to adjudicate the same in accorda11Vceu&#8217;v.{ith<\/p>\n<p>law. Accordingly, the application is hereby dispose_d*.:. .&#8221;  &#8216;    <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court V K Powercoated Furniture &#8230; vs The Official Liquidator Of Mysore &#8230; on 27 October, 2010 Author: H N Das IN THE HIGH COURT OR KARNATAKA AT BAN_GA I.\u00a7,?RE DATED THIS THE 27th DAY OF OCTOBIIIT-i,&#8217;%&#8217;2()&#8217;jI{JC;&#8211;i . BEFORE THE HO1\\E&#8221;BLE MR. JUSTICE HR: E\\fAIC\u00a7&#8217;\ufb01I1t{({\ufb01HAiV&#8221; C.A.No.8S-Tl\/2010&#8242;.CO.I?;A1O6,f2.0O:I BETWEEN: &#8221; &#8212; V.K.POWERCOATED F'[F{N~ETUR.E INDUSTRY A [&hellip;]<\/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-156022","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>V K Powercoated Furniture ... vs The Official Liquidator Of Mysore ... on 27 October, 2010 - Free Judgements of Supreme Court &amp; 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\/v-k-powercoated-furniture-vs-the-official-liquidator-of-mysore-on-27-october-2010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"V K Powercoated Furniture ... vs The Official Liquidator Of Mysore ... on 27 October, 2010 - Free Judgements of Supreme Court &amp; 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