Comp.A.No.223 of 2018

in C.P.No.255 of 2014

C.SARAVANAN,J.

There is no representation on the behalf of the respondent in this

application. No counter has been filed so far, despite service of notice and

name being printed in the cause list.

2. This application has been filed to direct the respondent/debtor

company to pay a sum of Rs.10,01,129.84 towards entire settlement along with

subsequent interest @ 18% p.a.till the date of final payment and to direct the

respondent to surrender assets in terms of clause (18) the agreement and to

permit the Official Liquidator to meet the cost of this application from the

funds of the company in Provisional Liquidation.

3. In the report dated 13.11.2017 filed by the Official Liquidator, it

has been stated as follows:-

3. That the Official Liquidator submits that the respondent had

entered into 2 Operating Lease Agreement with the

Company in Provisional Liquidation and borrowed money

for the purpose of purchase of Xerox Machine out of which

1^st Agreement tenor got over before liquidation.

The details of active agreement as on the date of wind up

order are mentioned below:-

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