The Official Liquidator Vs Nill

The Official Liquidator vs Nill

Type Court Judgment Court Chennai Decided Apr 30, 2026

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https://sooperkanoon.com/case/1436279

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Citation: sooperkanoon.com/1436279
Court: Chennai High Court
Judge: Honourable Mr Justice Senthilkumar Ramamoorthy
Decided On: Apr 30, 2026
Case Number: COMP.A/71/2026

Parties & Advocates

Appellant / Petitioner

The Official Liquidator

Respondent

Nill

Excerpt

in the high court of judicature at madrasdated: 30.04.2026coramthe hon'ble mr justice senthilkumar ramamoorthy in c. p. no. 17 of 2004 the official liquidator, high court, madras as the liquidator of m/s.siv industries limited (in liquidation) ii floor, corporate bhaven no.29, rajaji salai, chennai - 600 001. ..applicant application filed under section 460(4) of the companies act, 1956 read with rules 9, 11(b) of the companies (court) rules, 1959 praying for the following reliefs:(a) to take the report on record;(b) official liquidator may be permitted to pay valuation charges to the tune of rs.99,400/- to itcot limited from funds of the company in liquidation;(c) official liquidator may be permitted to pay paper publicationcharges to m/s.gameplan communications private limited to the tune of rs.2,56,424/- from common pool fund account and the same may be recouped after the sale of the assets. for applicant: ms.ambili b deputy official liquidatororderthe official liquidator has applied for permission to pay valuation charges and advertising charges in relation to the sale of the property of the company in liquidation. page1 of 2 senthilkumar ramamoorthy j. mmi2. in the report in support of this application, it is stated that thecompany in liquidation has insufficient funds to make the above payments and that the official liquidator be permitted to make the payment from and out of common pool fund account subject to the condition that the same be recouped from the sale proceeds of the assets of the company in liquidation.3. upon considering the report, this application is liable to be and is hereby allowed in terms of reliefs requested in clauses (b) and (c). 30.04.2026 mmi in c. p. no. 17 of 2004 page2 of 2

Full Judgment

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 30.04.2026

CORAM

THE HON'BLE MR JUSTICE SENTHILKUMAR RAMAMOORTHY in C. P. No. 17 of 2004 The Official Liquidator, High Court, Madras as the Liquidator of M/s.SIV Industries Limited (in liquidation) II Floor, Corporate Bhaven No.29, Rajaji Salai, Chennai - 600 001. ..Applicant Application filed under Section 460(4) of The Companies Act, 1956 read with Rules 9, 11(b) of The Companies (Court) Rules, 1959 praying for the following reliefs:

(a) to take the report on record;

(b) Official Liquidator may be permitted to pay valuation charges to the tune of Rs.99,400/- to ITCOT Limited from funds of the company in liquidation;

charges to M/s.Gameplan Communications Private Limited to the tune of Rs.2,56,424/- from Common Pool Fund Account and the same may be recouped after the sale of the assets. For Applicant: Ms.Ambili B Deputy Official Liquidator

ORDER

The Official Liquidator has applied for permission to pay valuation charges and advertising charges in relation to the sale of the property of the company in liquidation. Page1 of 2 SENTHILKUMAR RAMAMOORTHY J. mmi

2. In the report in support of this application, it is stated that the

company in liquidation has insufficient funds to make the above payments and that the Official Liquidator be permitted to make the payment from and out of common pool fund account subject to the condition that the same be recouped from the sale proceeds of the assets of the company in liquidation.

3. Upon considering the report, this application is liable to be and is hereby allowed in terms of reliefs requested in clauses (b) and (c). 30.04.2026 mmi in C. P. No. 17 of 2004 Page2 of 2

Same Court & Year Chennai · 2026 Same Parties The Official Liquidator vs Nill Same Judge Honourable Mr Justice Senthilkumar Ramamoorthy