Ajay Podar v. The Official Liquidator Of National Traders Ltd (In Liquidation )

mub 15-ca-567.2015.odt

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO. 567 OF 2015 IN COMPANY PETITION NO. 850 OF 1981 Ajay Podar ... Applicant in the matter between:

Vijaya Bank Limited ... Petitioner Vs.

The Official Liquidator of M/s. National Traders Ltd. (in liquidation) ... Respondents ...

Mr. Rohan Cama a/w. Ankit Diwanjee i/b. Dhru & Co. for applicant. Ms. Pratibha Ramaswamy, Asst. O.L. present.

....

CORAM : S.C. GUPTE, J.

DATE : 14th OCTOBER, 2015.

P.C.:

1.

The Company Application seeks dispensation of settlement of list of contributories of the company in liquidation in accordance with section 467 of the Companies Act 1966. The company has been ordered to be wound up by an order dated 02/11/1984. The equity shares of the company in liquidation are closely held by family members of the applicant and are indisputably fully paid up. There is no need of making any calls on the contributories for any unpaid dues on the shares. So also, there is no question of adjustment of rights amongst the contributories in the present case.

mub 15-ca-567.2015.odt 2.

In the premises, the Company Application is allowed in terms of prayer clause (a).

(S.C. GUPTE, J.)