The Saraswat Cooperative Bank Limited v. The Official Liquidator High Court Bombay

924.cal.763.2015.doc dik

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION (L) NO. 763 OF 2015 IN COMPANY PETITION NO. 289 OF 2013 The Saraswat Co-op. Bank Ltd.

...Applicant In the matter between Jamnadas Mathuradas

...Petitioner

vs M/s Amar Remedies Ltd.

...Respondent.

And The Official Liquidator, High Court, Bombay

...Respondent.

.....

Ms Shreya Deshpande i/b Kaikini Phadke & Associates for the Applicant. Mr S Ramakantha OL and Ms Yogini Chauhan, Asstt OL present. .....

CORAM : S.C. GUPTE, J.

OCTOBER 23, 2015 P.C. :

The Company Application seeks leave under Section 446 of the Companies Act, 1956 for initiating recovery proceedings against the company in liquidation and its guarantors under the provisions of Multi-state Co-operative Societies Act, 2002. The application is allowed in terms of prayer clause (a). The applicant to join the Official Liquidator to the recovery proceedings as a party Defendant.

( S.C.GUPTE J. ) Pg 1 of 2

924.cal.763.2015.doc CERTIFICATE Certified to be true and correct copy of the original signed Judgment/ Order.

Pg 2 of 2