: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. 72 OF 1960 NO. 72 OF 1960 NO. 72 OF 1960 Re: D.H. Kharwar. ... Insolvent. Ex-parte : M/s. Bhagwan P. Bros., a firm. ... 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 20th September 1960. 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. 1552.41 ps. and Rs.22927/- is invested in the fixed deposit. The total amount of Rs.24479.41 ps. is lying in the estate account as against the Unsecured Liability of Rs. 4,8011/-. No further recoveries are possible. 2. The Official Assignee has sought permission to declare and distribute the first and final dividend to the Unsecured Creditors on their Proved Liability. :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. -----