Official Liquidatoer Of Madras Petrochem Ltd (In Liquidation) v. Bharat Heavy Electricals Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION OFFICIAL LIQUIDATOR'S REPORT NO.90 OF 2021 IN COMPANY PETITION NO.1180 OF 2002 ALONGWITH COMPANY PETITION NO.813 OF 2003 In the matter of Madras Biotech Energies Pvt. Ltd.(In Liquidation) Bharat Heavy Electricals Ltd.

.. Petitioner Mr. Mahendhar Aithe, Company Prosecutor.

CORAM : A. K. MENON, J.

DATED : 5TH JANUARY, 2022.

(THROUGH VIDEO CONFERENCE) P.C. :

1. By this report, the Liquidator seeks directions to permit him to declare the dividend at 100% to Provident Fund Authorities in a sum of Rs.2,59,19,530/- and proportionately from the receipt of sale proceeds of the various assets of the company which set out in paragraph 20 of this report.

Digitally signed by SANDHYA BHAGU WADHWA Date:

2022.01.06 15:02:02 +0530 SANDHYA BHAGU WADHWA 1/2 5.olr-90-21.doc wadhwa

2. Having heard the learned Company Prosecutor, I pass the following order;

(i) Report is allowed in terms of prayer clauses (a), (b) and (c). (ii) Report is disposed in the above terms.

(A. K. MENON, J.) 2/2 5.olr-90-21.doc wadhwa