Mukesh Popatlal Jain v. M/S. Sakhi And Another

2026:BHC-OS:1177 Sayyed 25-OAR.3.2026.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS INSOLVENCY JURISDICTION OFFICIAL ASSIGNEE'S REPORT NO.3 OF 2026 IN INSOLVENCY PETITION NO.107 OF 2002 Re.:- M/s. Sakhi & Anr.

...Debtors Ex-parte:- Mukesh Popatlal Jain ...Petitioning Creditor _____________________________________________________ Ms. C. J. Bhatt, Official Assignee a/w Mr. D. B. Iswalkar, 1st Assistant O.A. & Mr. Subodh Patil, Deputy Official Assignee present. Mrs. Rekha Rane, Insolvency Registrar present. _____________________________________________________ CORAM :

JITENDRA JAIN, J.

DATE :

16 JANUARY 2026 P.C.:

1.

The amount lying in the estate account of the insolvent is only Rs.435, whereas the debts are more than Rs.61,000/-. The matter is pending for last 20 years and no details have been furnished by the petitioning creditor till today.

2.

The Official Assignee's Report further states that there are no properties available which belongs to the insolvent for recovery. 3.

In view thereof, no purpose would be served in pursuing this petition. Therefore, Official Assignee is directed to transfer Rs.435 to the unclaimed dividend capital account as per Rule 178 of the Presidency Town Insolvency Rules, 1910 and closed the account for all administrative purpose.

Sayyed 25-OAR.3.2026.doc 4.

Official Assignee's Report is disposed of.

[ JITENDRA JAIN, J. ] Signed by: Sayyed Saeed Ali Designation: PA To Honourable Judge Date: 17/01/2026 11:20:17