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2004 Supreme(Guj) 400

K.M.MEHTA
O. L. OF PIRAMAL FINANCIAL SERVICES LTD – Appellant
Versus
DENA BANK – Respondent


Advocates Appeared: K.J.BRAHMBHATT, NANAVATI AND NANAVATI, R.M.DESAI, S.I.NANAVATI, VARSHA BRAHMBHATT

K. M. MEHTA, J.

( 1 ) THE Official Liquidator has filed this report in petition No. 147 of 2001 with a prayer that this Court may ratify the action taken by the Official Liquidator for taking possession of the assets of the company i. e. M/s. Piramal Financial Services Pvt. Ltd. (in liquidation ). He has further prayed that this Court may direct the present occupant i. e. Shri D. P. Shah to submit original sale deed before this Court and M/s. Radhe associates may be made party to the proceedings. BRIEF RELEVANT FACTS:

( 2 ) PIRAMAL Financial Services Ltd. was a Company incorporated under the Companies Act, 1956. Reserve Bank of India (hereinafter referred to as "rbi") preferred company Petition No. 147 of 2000 praying that Piramal financial Services Ltd. be wound up by and under the provisions of Section 45a of the Reserve Bank of India act. This Court on 20th October, 2000, admitted the said petition and appointed Official Liquidator as Provisional liquidator of Piramal Financial Services Ltd. (since reported in case of Order VI, Rule IV Order VI, Rule 6 ). 2. 1 this Court by its order dated 20th March, 2001, directed that Piramal Financial Services Ltd. be wound up and Official Liq








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