Khurana Textile Mills Pvt. Ltd. vs Rathi Syntex Ltd.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2024 Supreme(Raj) 178

SAMEER JAIN
Khurana Textile Mills Pvt. Ltd. – Appellant
Versus
Rathi Syntex Ltd. – Respondent

Advocates:
Advocate Appeared:
For the Petitioner:Mr. Shivanshu Naval with Ms. Akanksha Naval, Mr. Ayush Sharma For the Respondent: Mr. Rahul Lodha for Mr. Ruvit Kumar, OL

ORDER :

1. Matter comes up on Report No. 12988/2021, filed by the Official Liquidator (for short “OL”), seeking the following reliefs:

“(i) The report may kindly be taken on record.

(ii) The Hon’ble Court may direct Bank of Baroda (for short “BoB”) being Secured Creditor who has sold all the assets of the Company in liquidation to deposit a sum of Rs. 5 lakhs with the Official Liquidator as stated in para 6 of this report

(iii) Any other order/orders as may be deemed fit and proper in the circumstances of the case may also kindly be passed.”

2. The details of the expenses sought to be recovered by the OL from the secured creditor are as under:

S. No.	Particulars (Payment)	Amount in Rupees
1	Advertisement expenses	370772
2	TDS	7908
3	GST	7710
4	Misc. legal expenses and T.A expenses	4010
5	Professional valuation fees expenses	1800
	TOTAL	392200

The details of the future expenses which are to be incurred are as under:

S. No	Particulars (Payment)	Amount in Rupees
1	H.Y. statement audit	15000
2

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2024 Supreme(Raj) 178

SAMEER JAINKhurana Textile Mills Pvt. Ltd. – AppellantVersusRathi Syntex Ltd. – Respondent

Cases Referred (2)

SAMEER JAIN
Khurana Textile Mills Pvt. Ltd. – Appellant
Versus
Rathi Syntex Ltd. – Respondent