: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. 37 OF 1956 NO. 37 OF 1956 NO. 37 OF 1956 Re: Roshanlal Shorey. ... Insolvent. Ex-parte : Hiralal Issardas Mangiramalani. ... 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 4th September 1956. After the order of adjudication, the Insolvent has filed Schedule of Assets and Liabilities. On the strength of the said Schedule the Official Assignee has recovered some assets. At present a cash balance of Rs. 1007.30 ps. and Rs.59,691/- is invested in the fixed deposit The total amount of Rs.60,698.30 ps. is lying in the hands of the Official Assignee as against the Preferential Liabilities of Rs. 64,000/- and Unsecured Liabilities of Rs.4,12,068/-. No further recoveries are possible. 2. The Official Assignee has sought permission to declare the Pro-rata Preferential Dividend to the Preferential Creditors. :2: 3. Having regard to the circumstances set out in the report of the Official Assignee, there is no reason why the prayer should not be granted. Prayer clause (a) of the report of the Official Assignee is accordingly granted. -----