SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

1967 Supreme(Mad) 451

T.RAMAPRASADA RAO
Official Liquidator, Manasuba and Company Private Limited – Appellant
Versus
Commissioner of Police, Madras, and Others – Respondent


Advocates Appeared:V. Thyagarajan, V. S. Subrahmanyan, C. Vasudevan, K. S. Sankara Iyer, V. K. Thiruvenkatachari, A. Nagarajan, M. Ranganatha Sastri, Ramaswami, G. Subrahmanian, Advocates.

Judgment :-

This is an application taken out by the official liquidator for determination of the rights of many of the respondents to this application who are claiming preferential rights over the sale proceeds of the various vehicles belonging to the company in liquidation and sold by the official liquidator with the consent of such respondents and by orders of court. He has also sought a relief for determination of the rights of priority inter se between such respondents, as according to him, amongst the respondents one or the other of them claims that he is entitled to be paid the entire amount due and payable to him in priority to others who might have a preferential right to ask for the sale proceeds now in the hands of the official liquidator. In so far as the latter prayer of the official liquidator for determination of the rights inter se between the respondents is concerned, it is completely outside the scope of this court as a company court. Even if it were to be held ultimately that the respondents' claim to be declared as preferential creditors is well-founded, the forum in which the issues that might arise as between the respondents themselves as to who amongst them ha






















































































Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top