The Official Liquidator v. M/S.Assets Reconstruction Company India Limited
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 01.08.2025
CORAM
THE HONOURABLE MR.JUSTICE SENTHILKUMAR RAMAMOORTHY Comp.A.No.106 of 2025 in C.P.No.137 of 2011 The Official Liquidator High Court, Madras as the Liquidator of M/s.Aryas Paper and Boards Mills Pvt. Ltd.
(in Liquidation) ... Applicant -vsM/s.Assets Reconstruction Company India Limited No.560-562, 1G, 1st Floor, Century Plaza, Anna Salai, Teynampet, Chennai - 600 018.
... Respondent For Applicant : Ms.B.Ambili, Deputy Official Liquidator **********
ORDER
In spite of service of notice and the name of the respondent being printed in the cause list, the respondent has failed to appear and contest the application. By this application, the Official Liquidator seeks a direction to the respondent to remit a sum of Rs.6,11,441/- to settle the claim of EPFO. The Official Liquidator further seeks a direction to the respondent to quantify and specify its dues as on the date of winding up. In support of this 1/2 https://www.mhc.tn.gov.in/judis
SENTHILKUMAR RAMAMOORTHY,J rna application, the Official Liquidator has filed report dated 26.03.2025. In the report, the Official Liquidator has referred to the correspondence between the Official Liquidator and the respondent. In particular, letter dated 13.03.2025 from the respondent to the Official Liquidator stating that a sum of Rs.80,01,000/- was recovered by sale of a house bearing Door No.201/2, Gnanagiri Road, Sivakasi is referred to. In view thereof, the Official Liquidator submits that the respondent is liable to make the remittance of Rs.6,11,441/- so as to enable the claim of EPFO to be discharged. The Official Liquidator also states that the respondent should be directed to disclose its total dues since five more assets are said to be in the custody of the respondent.
2. Upon examining the report and the documents annexed thereto, this application is liable to be allowed. Accordingly, this application is allowed in terms of prayers (b) and (c) of the Judge's summons. 01.08.2025 rna Comp.A.No.106 of 2025 in C.P.No.137 of 2011 2/2 https://www.mhc.tn.gov.in/judis