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1974 Supreme(Ker) 10

V.P.GOPALAN NAMBIYAR, K.BASKARAN
ALLYKUTTY varkey – Appellant
Versus
OFFICIAL LIQUIDATOR – Respondent


Judgment :-

1. These two appeals arise out of an order on Application No. 33 of 1973 directing the appointment of a Receiver in respect of the properties of the respondents in that application. The matter arises this way. B.C.P. No. 11 of 1960 on the file of this Court was an application for winding up the Palai Central Bank Ltd. Two of the legal representatives of the 1st respondent in that application are the appellants in A. S. No. 332 of 1973; and one of the legal representatives of the 4th respondent in that application is the appellant in A. S. No. 432 of 1973. In B. C. P.11 of 1960, by an order of a learned judge of this Court, dated 5121960, the Bank as ordered to be wound up. Misfeasance Application No. 247 of 1963 was made on 41 1963 by the Liquidator, under S.543 of the Companies Act 1956 read with S.45-H of the Banking Companies Act. On 2 41965 there was an order on the said application declaring the respondents 1 and 4 In B.C.P. 11 of 1960 (it is unnecessary to notice the others, If any, made liable by the order) as liable for a sum of over Rs. 16,00,000/- in respect of the B-claim (vide Official Liquidator, Palai Central Bank Ltd, v. K. Joseph Augusti AIR. 1966 Ker.12










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