28.05.2013
1. This is an application filed by the Official Liquidator ('OL') attached to this Court under Section 446 of the Companies Act, 1956 ('Act') seeking to recover from the Respondent, Mrs. Madhu Bala Sharma, a sum of Rs. 6,13,408 together with interest @18% p.a. from June 2006 till realisation along with administrative expenses of the OL and costs.
2. The background to this application is that Anand Pratyabhoot Vitt Nigam Ltd. (hereafter the 'company') was ordered to be wound up by this Court on 9th October 1997. The OL was appointed as its Liquidator. On 16th February Co. A. (C) No.1 of 2010 in Co. Pet. No. 95 of 1990 Page 1 of 13 2005, the Court directed the OL to invite claims from the creditors and the workmen of the company. Notices to that effect were published in the newspapers and the claims received were processed by the OL.
3. The Respondent along with her husband had made