Supreme Court · 1980 INSC 234 · Decided 12 December 1980
Official Liquidator of High Court of Karnataka v. SMT. V. Lakshmikutty
- Court
- Supreme Court of India
- Citation
- 1980 INSC 234 · [1981] 2 S.C.R. 349
- Case number
- SPECIAL LEAVE PETITION (CIVIL) No. 5844/1980
- Decided
- 12 December 1980
- Bench
- P.N. BHAGWATI, A.P. SEN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 529, 317
Headnote
' • 349 OFFICIAL LIQUIDATOR OF HIGH COURT OF KARNATAKA A v. SMT. V.LAKSHMIKUTTY December 12, 1980 [P. N. BHAGWATI AND A. P. SEN. JJ.] Co1npanies Act, 1956-Sections 529 and 530-Scope of-Party having mutual dealings with a Company in liquidation-If endtled to set off debts B against credits. C amount should be payable or receivable by her which is due at the foot of such account. She claimed that she was entitled to the benefit of the rule enacted in section 46 of the Provincial Insolvency ~ D The High Court upheld her contention. Dismissing the special leave petition by the Official
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)