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Rajasthan Financial Corpn. & Anr vs The Official Liquidator & Anr on 5 October, 2005

58. It could thus be seen that when the order was passed by the learned DRT on 31st of March, 2005, it was passed on the application made on the same date. Though the representative of the liquidator was present,it is clear that he was served with copy of the application on the same day. In the application only valuation report of M/s M. B. Sabnis & Co. was brought to the notice of the learned Tribunal. The earlier valuation report of Mr. Shekhar Thite, the MOU entered between Everest and Ashok Kumar Karnani dated 2nd April, 2003, the order of the learned Company Judge of this Court dated were not brought to the notice of the learned DRT. In this background, we will have to examine as to whether interference is warranted with the impugned orders. It would be relevant to refer to the observations of Their Lordships of the Apex Court in the case of Rajasthan State Financial Corporation & Anr. (supra) in para 17 and 18, which read as 48 / 78 ::: Uploaded on - 28/08/2017 ::: Downloaded on - 29/08/2017 01:30:23 ::: WP. 2509-08 under:
Supreme Court of India Cites 26 - Cited by 98 - P K Balasubramanyan - Full Document
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