LAWS(DLH)-2011-8-419

RESERVE BANK OF INDIA Vs. JVG FINANCE LTD

Decided On August 23, 2011
RESERVE BANK OF INDIA Appellant
V/S
JVG FINANCE LTD. Respondents

JUDGEMENT

(1.) KEEPING in view the averments in the application, delay in filing Co. Appl. 1633/2011 is condoned. Accordingly, application stands disposed of.

(2.) PRESENT application has been filed under Section 536(2) of the Companies Act, 1956 (for short 'Act') after the applicant received 132nd Report of Mr. J.P. Aggarwal, the One Man Committee, appointed by this Court, to verify the claimant's rights in relation to plots situated at JVG Hills Layout, Kondapur Village, Hyderabad, Andhra Pradesh.

(3.) HOWEVER, it is an admitted position that in the present case the sale deed had been executed by an alleged authorised representative of JVG Finance Limited after 05th June, 1998 i.e. after the date of appointment of the Provisional Liquidator.