Union Bank Of India v. M/S. Sleepins Apparels Pvt. Ltd. Through Official Liquidators

ca 146 of 2015 (922).sxw

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.146 OF 2015 IN COMPANY PETITION NO.109 OF 2011 Union Bank of India ...

Applicant and IDBI Bank Ltd.

...

Petitioner versus M/s. Sleepings Apparels Pvt. Ltd, through Official Liquidator ...

Respondent i/by Ms. N.I.Bakali, for Applicant.

Ms. Pratibha, Asstt. Official Liquidator, present. CORAM: S.J. KATHAWALLA, J.

DATE: 8th APRIL, 2015 P.C.

1.

The Applicant bank shall produce before the Official Liquidator, the original bills with regard to the expenses incurred by the Applicant as a secured creditor for preservation and sale of the secured assets and the Official Liquidator upon being satisfied, shall make the necessary payments to the Applicant. The entire process shall be completed within two weeks from today. The Applicant shall also file its claim before the Official Liquidator within a period of two weeks from today. The Applicant shall be at liberty to file their Application seeking directions against the Official Liquidator to pay the balance net sale proceeds of the properties to the Applicant after the ssp 1/2

ca 146 of 2015 (922).sxw Official Liquidator invites claims and adjudicates the same. 2.

The Company Application is accordingly disposed of. ( S.J.KATHAWALLA, J. ) ssp 2/2