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SHYAMSUNDER BUBNA (ADVISOR)     26 October 2009

PROPERTY SOLD WITHOUT PERMISSION OF LIQUIDATOR

 

MAX PARTS PVT LTD incorporated on 12-8-1964
 
As on today Company Status is under Liquidation
 
Property Location
 
Revenue Survey No. 421/Paiki, Jamnagar, Hapa
Plot No. 13
T. P. Scheme No. 3/A
Original Plot (O.P.) No. 24
Final Plot (F.P.) No. 57
Near Paglam & Paglam
Opp. Cold Storage, Jamnagar
 
Area 7160 Sq. Ft.
 
Purchased by Company on 28th September 1964 from Shri Narendrasingh Madhusingh Kher by a agreement registered on 30th September 1964
 
On 30-4-1984
One Mr. Girjashanker Jatashanker Bhatt C/o. M/s. Harish Automobiles, Kashi Vishwanath Road, Jamnagar sold the property alleged to be Power of Attorney holder of the Company
to
one Mr. Kantilal K. Kotecha Advocate having address at J-5, 2nd floor, Super Market, Jamnagar and 26 Modern Market, Near Amber Cinema, Jamnagar on behalf of and alleged to be Power of Attorney holder of one Smt. Lilavanti Revashanker Bhatt, having address at Ambika Bhavan, 1 Nagar Para, Jamnagar
 
On 19-8-1993
Mr. Kantilal K. Kotecha Advocate having address at J-5, 2nd floor, Super Market, Jamnagar and 26 Modern Market, Near Amber Cinema, Jamnagar on behalf of and alleged to be Power of Attorney holder of one Smt. Lilavanti Revashanker Bhatt, having address at Ambika Bhavan, 1 Nagar Para, Jamnagar sold the property
to
1)      Smt. Jaishreeben Arvindkumar Machchhar having address at Bhanushalee Wad, Sheri No. 4, Jamnagar
2)      Smt. Jyotiben Prakashkumar Lakhani having address at Nagar Para near Pili Bangli, Jamnagar
 
On 20-3-1998
Smt. Jaishreeben Arvindkumar Machchhar having address at Bhanushalee Wad, Sheri No. 4, Jamnagar released the property
To
Smt. Jyotiben Prakashkumar Lakhani having address at Nagar Para near Pili Bangli, Jamnagar
As per record with Jamnagar Area Development Authority as on 17-4-2006 the property is in the name of Company
 
The Company was initially formed by one Shri Jamnadas G. Jivrajani at Bombay
 
The previous directors retired in or about May 1975 and
1.      Shyamsunder S. Bubna
2.      Jeevanlata S. Bubna
has been joined as directors of the Company.
 
On 19-7-1983 a notice sent to the Share Holders and also published the said notice in Mah Gov Gazette dated 28-7-1983 and English and Marathi News Paper under Sec 500 of Companies Act as the information for meeting of creditors to be held on 11-8-1983
 
On 8-9-1983 the notice for information under sec 516 for appointment of Liquidator has been published in Mah Gov Gazette and English and Marathi News Paper
 
On 7-6-1984 the notice for information under sec 509 notice convening final meeting has been published in Mah Gov Gazette and English and Marathi News Paper
 
P.S.      THE ALLEGED POWER OF ATTORNEY OF MAX PARTSPVT. LTD. FAVOURING MR. GIRJASHANKER JATASHANKER BHATT USED FOR SALE OF PROPERTY ON 30-4-1984 IS LIKELY TO BE PREPARED AND EXECUTED IN BOMBAY AS ALL THE DIRECTORS AS WELL AS LIQUIDATOR AND/OR COMPANY IS ALSO INCORPORATED AT BOMBAY ONLY


Learning

 2 Replies

Raj Kumar Makkad (Adv P & H High Court Chandigarh)     29 October 2009

The property of the factory which was under liquidation, if sold without permission, can be revoked on the initiation of the action of the licquidator in the civil court of the area under which the said property has been sold.

SHYAMSUNDER BUBNA (ADVISOR)     05 November 2009

AS ADVICED BY MY SOLICITOR AND COUNSEL PRACTISING IN BOMBAY HIGH COURT I CAN FILE A COMPANY APPLICATION ON BEHALF OF THE LIQUIDATOR IN BOMBAY HIGH COURT. IT WILL SAVE TIME AND MONEY BOTH


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