:1: IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY IN IN IN ITS INSOLVENCY JURISDICTION ITS INSOLVENCY JURISDICTION ITS INSOLVENCY JURISDICTION OFFICIAL OFFICIAL OFFICIAL ASSIGNEE’S REPORT DATED 1ST DECEMBER, 2006 ASSIGNEE’S REPORT DATED 1ST DECEMBER, 2006 ASSIGNEE’S REPORT DATED 1ST DECEMBER, 2006 IN IN IN INSOLVENCY INSOLVENCY INSOLVENCY NO. 51 OF 1953 NO. 51 OF 1953 NO. 51 OF 1953 Re: M/s. Haji Mohammed Hoossain, a firm. ... Insolvent. Ex-parte : M/s. Laxmichand Shamji & Co. ... Petitioning Creditor. .... Mr. Y.C. Parikh, Official Assignee present. ..... CORAM CORAM CORAM : DR. D.Y. CHANDRACHUD,J. : DR. D.Y. CHANDRACHUD,J. : DR. D.Y. CHANDRACHUD,J. 05th 05th 05th DECEMBER 2006. DECEMBER 2006. DECEMBER 2006. P.C. P.C. P.C. : : : 1. An order of adjudication was passed on 18th April 1953. The pro-rata dividend of Rs.0.65 ps. in a rupee was declared on 25th February 1977 on the proved preferential liability of Rs.1,83,569.61 ps. and further first and final dividend of Rs.0.80 ps. in the rupee to the unsecured Creditors on proved unsecured liability of Rs.1,38,308/-. At present there is a cash balance of Rs. 10,665.31 ps. and Rs.4,79,619/- invested with a Nationalised Bank. Thus, the aggregate amount of Rs.4,90,284.31 ps. is lying in the estate as against the Unsecured Liability of Rs.2,28,743.20 ps. No further recoveries are possible. 2. The Official Assignee has prayed for permission to declare the second and final dividend on unsecured proved liability. 3. Prayer clause (a) of the report of the Official Assignee is accordingly granted.