: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 2nd DECEMBER, 2006 ASSIGNEE’S REPORT DATED 2nd DECEMBER, 2006 ASSIGNEE’S REPORT DATED 2nd DECEMBER, 2006 IN IN IN INSOLVENCY INSOLVENCY INSOLVENCY NO. 2 OF 1959 NO. 2 OF 1959 NO. 2 OF 1959 Re: M/s. Chaturbhujdas Karnani, a Firm & Ors. ... Insolvents. Ex-parte : Nandalal Kapoor. ... 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 22nd April 1959. The pro-rata preferential dividend of Rs.0.36 ps. in a rupee was declared on 8th February 1978 to the preferential creditors At present, a cash balance of Rs.21,953.12 ps. and Rs.1,15,624/- is invested in Fixed Deposit in the personal account of G.C. Karnani and Rs. 95.31 is cash and amount invested in Fixed Deposit is Rs.18,641/- in the personal account of A.K. Karnani. Thus, total amount available in the personal estate is Rs.1,56,313.43 ps. 2. The Official Assignee has prayed for permission to club the personal estate accounts of Insolvent G.C. Karnani and A.K. Karnani and thereafter distribute and :2: declare dividend amongst the Proved Preferential Creditors of the said Insolvents’ firm M/s. Chaturbhujdas Karnani from the said clubbed estate accounts. 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. -----