Asset Reconstruction Company India Limited (Arcil) v. Patheja Brothers Forgings And Stampings Ltd.

SANTOSH SUBHASH KULKARNI 11-IA-2443-20+.DOC SANTOSH SUBHASH KULKARNI Date: 2022.08.19 09:51:32 +0530 Sayali Upasani

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INTERIM APPLICATION NO.2443 OF 2020 IN COMPANY PETITION NO.95 OF 1999 Asset Reconstruction Company India Ltd (ARCIL) ...Applicant In the matter between Devi Construction Company Pvt Ltd ... Orig Petitioner

Versus

Patheja Brothers Forgings & Stampings Ltd & ors.

...Respondents

Ms. Neha Naik i/b Phoenix Legal, for the Applicant Mr. Mahendhar Aithe, Company Prosecutor, for Official Liquidator.

CORAM:

N. J. JAMADAR, J.

DATED :

17th August, 2022 PC:- 1.

Heard the learned Counsel for the applicant.

2.

This application is taken out for condonation of delay of 295 days in filing an affidavit in proof of debt. 3.

The applicant is an asset reconstruction company. 4.

Perused the averments in the application. Justifiable reasons are ascribed in paragraph Nos. 6 and 7 of the application.

1/2

11-IA-2443-20+.DOC 5.

Hence, the following order.

ORDER

(i) The application stands allowed in terms of prayer clause "a".

(ii) The Official Liquidator shall adjudicate the claim of the applicant in accordance with law.

[N. J. JAMADAR, J.] 2/2