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Delhi High Court - Orders

Deutsche Trustee Company Ltd vs Tulip Telecom Ltd on 19 October, 2022

Author: Navin Chawla

Bench: Navin Chawla

                    $~25 (company)
                    *     IN THE HIGH COURT OF DELHI AT NEW DELHI
                    +     CO.PET. 329/2013
                          DEUTSCHE TRUSTEE COMPANY LTD    ..... Petitioner
                                           Through:

                                                versus

                             TULIP TELECOM LTD.                               ..... Respondent
                                          Through:          Mr.Kunal      Sharma,      SC     and
                                                            Mr.Shubendu Bhattacharya, Adv. for
                                                            OL.
                                                            Mr.Dhruv Wadhwa, Adv. for
                                                            applicant in CA 626/2022.
                             CORAM:
                             HON'BLE MR. JUSTICE NAVIN CHAWLA
                                          ORDER

% 19.10.2022 CO.APPL. 626/2022

1. Issue notice. Notice is accepted by Mr.Kunal Sharma, the learned Standing Counsel on behalf of the Official Liquidator.

2. Reply be filed within a period of two weeks from today. Rejoinder thereto, if any, be filed within a period of two weeks thereafter.

3. The learned counsel for the applicant submits that by an order of this Court dated 21.05.2020, 50% of the amount admitted by the Official Liquidator to be due to the applicant, that is, 50% of Rs.2,31,55,641/-, was directed to be released to the applicant. The amount claimed in the present application is including the remaining 50% of said amount.

4. As the amount already stand admitted by the Official Liquidator, it is directed that the remaining amount out of Rs.2,31,55,641/- be released to the applicant by the Official Liquidator within a period of two weeks from Signature Not Verified Digitally Signed By:SHALOO BATRA Signing Date:20.10.2022 14:00:02 today.

5. List on 10th January, 2023.

NAVIN CHAWLA, J OCTOBER 19, 2022/Arya Signature Not Verified Digitally Signed By:SHALOO BATRA Signing Date:20.10.2022 14:00:02