: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. 133 OF 1950 NO. 133 OF 1950 NO. 133 OF 1950 Re: Jwaladutt R. Pillani. ... Insolvent. Ex-parte : Cotton Agents Ltd. ... Petitioning Creditors. .... 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 21st November 1950. A pro-rata preferential dividend of Rs.0.01 ps. in a rupee was declared on 7th December 1957 on a proved preferential liability of Rs.46,163.75 ps. A further pro-rata preferential dividend of 0.01 ps. in a rupee was declared on 22nd September 2000 on proved preferential liability of Rs.46,78,163.75 ps. At present cash balance is of Rs.33,224.56 ps. and Rs.22,952.00 invested in fixed deposit. A total amount of Rs.56,176.56 ps. is lying in the hands of the Official Assignee whereas the proved preferential liability is Rs.46,78,163.75 ps.and as per schedule unsecured liability is of Rs.75,000/-. :2: 2. The Official Assignee has prayed for permission to declare further pro-rata preferential dividend on proved preferential liability of Rs.46,78,163.75 ps. 3. The prayer clause (a) of the report of the Official Assignee is accordingly granted.