Citation : 2022 Latest Caselaw 5122 Jhar
Judgement Date : 16 December, 2022
IN THE HIGH COURT OF JHARKHAND AT RANCHI
C.P. No. 2 of 1996 (R)
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Kumardhubi Metal Casting & Engineering Ltd. --- --- ---- Petitioner Versus Kumardhubi Karamachari Congress & others --- --- --- Respondents
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CORAM: Hon'ble Mr. Justice Aparesh Kumar Singh
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For the Official Liquidator: M/s Himanshu Kr. Mehta, Manjusri Patra, Advocate For the Bank of India: Mr. A. Allam, Sr. Advocate, Arun Kr. Sahay, Advocate For the BSIDC: M/s Richa Sanchita, Riya Narain, Advocates For the EPFO: Mr. Anil Kr. Singh, Advocate For the Workmen; Mrs. M.M. Pal, Sr. Advocate For the Intervener-Apical Exim: M/s Nitin Kr. Pasari, Sidhi Jalan, Shubham Choudhary, Gaurav Kaushalesh, Advocates For the Union of India: Mr. Prashant Pallav, D.S.G.I, Parth Jalan, A.C to D.S.G.I For the JBVNL: Mr. Sachin Kumar, Advocate
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227/ 16.12.2022 There are two issues which have been raised today before the Court.
i. Demarcation exercise has not been done till date in terms of the direction contained in the order dated 11.11.2022.
Learned counsel for the Official Liquidator submits that it would be done with the coordination of District Administration and Auction Purchaser by 06.01.2023.
ii. Through I.A. No. 10840/2022, Auction Purchaser has sought a direction upon Jharkhand Bijli Vitrain Nigam Limited to process its application for grant of fresh electrical connection. Interlocutory application also encloses a communication of Assistant Electrical Engineer, Electric Supply, Sub Division, Chirkunda bearing Memo No. 202 dated 24.11.2022, which is to the effect that the office is in the process of computing the outstanding arrears of the erstwhile company. Learned counsel for the Auction Purchaser has relied upon the judgment of this Court rendered in W.P (C) No. 748/2019 (Om Prakash Garg versus Jharkhand Bijli Vitran Nigam Limited through its Chairman, Ranchi & others) dated 08.12.2021 on that issue.
Mr. Sachin Kumar, learned Senior Standing Counsel for the JBVNL submits that he would be seeking instruction on this issue.
Learned Senior Counsel for the Secured Creditor Bank of India Mr. A. Allam seeks time to obtain instruction on the reply to I.A. No. 9573/2022 filed by the Official Liquidator.
Learned Deputy Solicitor General of India Mr. Prashant Pallav submits
that instructions are awaited in terms of the order dated 02.12.2022. He seeks one last indulgence to apprise this Court.
Learned Official Liquidator has submitted a report on 14.12.2022. Learned counsel for the Official Liquidator submits that the Auction Purchaser M/s Apical Exim Private Limited has deposited an amount of Rs. 56.25 crore i.e. 50% of the auction amount in the current account of the Official Liquidator. He has sought permission to invest this amount in FDR for a term of three / six months. He is permitted to do so.
As indicated above, let compliance made by the respective parties be brought to the notice of this Court without fail by the next date.
List the case on 20.01.2023.
(Aparesh Kumar Singh, J) Ranjeet/
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