OFFICIAL LIQUIDATOR Vs. MAHARASHTRA STATE ELECTRICITY

JUDGEMENT

(1.) THE Maharashtra State Electricity Board filed this application under Section 456, read with Section 468 of the Companies Act and rule 9 of the Companies (Court) Rules read with Order 9 Rule 13 of the CPC for setting aside the ex parte order dated 3-4-2002 in S.B. Company Application No. 12/1998.

(2.) S .B. Company Application No. 12/98 has been decided on 3-4-2002 and the Maharashtra State Electricity Board is directed to make payment of Rs. 20,84,824 with interest at the rate of 18 per cent per annum from the due date within a period of one month to the Official Liquidator of M/s. Indo Engineering (Kota) Private Limited. The cost has also been ordered to be paid to the applicant as assessed by the Court.

(3.) FROM the documents Annexure A-2, A-3, A-4 and A-5, I am satisfied that Maharashtra State Electricity Board was not negligent in contesting the matter. It engaged the Advocate and for the reasons best known to him he has not appeared in the matter when the same as called for hearing. The aforesaid documents are correspondence between the Advocate and the Maharashtra State Electricity Board wherefrom, it is to be stated at the cost of repetition, time and again the Board was ascertaining the stage of the matter. In case timely information would have been received I am sure and confident that Maharashtra State Electricity Board would not have left the matter unattended. The Maharashtra State Electricity Board has made out a good and sufficient cause and ground for setting aside of the order passed ex parte against it by the Court on 3-4-2002.