: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. 30 OF 1965 NO. 30 OF 1965 NO. 30 OF 1965 Re: M/s. Elite Trading Corporation. ... Insolvent. Ex-parte : Damayantibai Dwarkadas & Dwarkadas Jivraj. ... 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 14th May, 1965. At present a cash balance of Rs.2217.21 ps. is lying in the estate as against a preferential liability of Rs.137.36 ps. and an unsecured liability of Rs.15680.50 ps. In the present case, no further recoveries are possible. 2. The Official Assignee has prayed that the balance amount of Rs.2217.21 ps. may be transferred to the unclaimed dividend capital account under Rule 178 of the Bombay Insolvency Rules, 1910 and thereafter to the unclaimed dividend capital revenue account and the account :2: may be closed for administrative purposes. 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. -----