IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. CAPP No. 43 of 2009 Date of Decision: October 26, 2009 Punjab Financial Corporation …Appellant Versus M/s Dalip Plastics (P) Ltd. …Respondent CORAM: HON'BLE MR. JUSTICE M.M. KUMAR HON’BLE MR. JUSTICE JASWANT SINGH Present: Mr. G.S. Anand, Advocate, for the appellant. 1. To be referred to the Reporters or not? 2. Whether the judgment should be reported in the Digest? M.M. KUMAR, J. This appeal filed under Section 483 of the Companies Act, 1956 (for brevity, ‘the Act’) by a secured creditor, namely, Punjab Financial Corporation (PFC), is directed against order dated 16.7.2009 passed in Company Application No. 69 of 2009 by the learned Company Judge. Learned Company Judge has directed that a sum of Rs. 6,17,871/- be paid by the PFC-secured creditor to the Official Liquidator, which includes a sum of Rs. 1,00,000/- towards dividend/future expenses likely to be incurred by the Official Liquidator. The challenge is confined to the award of Rs. 1,00,000/- towards future expenses. It is evident from the order that the Official Liquidator is likely to incur additional expenses towards legal fee etc. to the tune of Rs. 1,00,000/-, which is to remain subject to further adjustments. The aforesaid fact was not even controverted by the PFC-secured creditor, who is in appeal. CAPP No. 43 of 2009 Having heard learned counsel for the appellant, we do not find any ground to interfere with the impugned order. Once the fact of incurring future expenses towards payment of fee of counsel etc. has remained un-controverted then the order cannot be doubted to suffer from any legal infirmity. Accordingly, the appeal fails and the same is dismissed. (M.M. KUMAR) JUDGE (JASWANT SINGH) October 26, 2009 JUDGE Pkapoor 2