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Rule 9 of the Companies (Court) Rules, 1959


Court :
HIGH COURT OF ANDHRA PRADESH

Brief :

Citation :
Southern Continental Contractors Ltd., In re S. ANANDA REDDY, J COMPANY APPLICATION NO. 1572 OF 2007 IN COMPANY APPLICATION NO. 682 OF 2002 COMPANY PETITION NO. 144 OF 2001

HIGH COURT OF ANDHRA PRADESH Southern Continental Contractors Ltd., In re S. ANANDA REDDY, J COMPANY APPLICATION NO. 1572 OF 2007 IN COMPANY APPLICATION NO. 682 OF 2002 COMPANY PETITION NO. 144 OF 2001 September 27, 2007 Rule 9 of the Companies (Court) Rules, 1959 - Inherent power of Court - Application was filed by Advocate Commissioner seeking permission of High Court to consider claim applications of 19 depositors, who prepared Form-66 in time but submitted belatedly and consequently to effect payments - It was stated that depositors had furnished Form-66 on non-judicial stamp paper was purchased within time but there was some delay in furnishing of same - Whether since claims related to small amounts in most of cases, except three cases where claims were for Rs.50,000, Rs,20,000 and Rs.10,000, permission could be granted for considering claim applications without insisting depositors to approach High Court to condone delay by each of depositors - Held, yes
 

C.rajesh
on 09 April 2008
Published in Corporate Law
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