IN THE MATTER OF SRISHTI VIDEO CORP.LTD.KANPUR

High Court of Judicature at Allahabad

Indian Supreme Court Cases / Judgements / Legislation

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In The Matter Of Srishti Video Corp.Ltd.Kanpur - COMPANY PETITION No. 30 of 1998 [2006] RD-AH 9495 (15 May 2006)

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HIGH COURT OF JUDICATURE OF ALLAHABAD

Hon'ble Sunil Ambwani, J.

Heard Shri Manish Goel, Advocate for Syndicate Bank; Shri Anjani Kumar Misra for Official Liquidator; Shri R.K. Gupta for IIBI and Shri Anurag  Khanna for PICUP.

Reply of Shri Manish Goel is taken on record.

The Official Liquidator represents workmen's interest. The Syndicate Bank has sold the property under the Securitisation Act, 2002. There is another property at Bhikaji Place, New Delhi under charge of Official Liquidator. Today the application of Syndicate Bank to apportion the amount out of the sale proceeds of the property, has come up for hearing.

Let the Official Liquidator invite claims from the workmen. He will also take steps to advertise for sale the properties of the company (In Liq.) at Bhikaji Place, New Delhi. Shri Anurag Khanna may file his appropriate representation within three weeks.

List on 13.7.2006.

Dt. 15.5.2006

RKP/ CP-30 of 1998

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