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Justice is where Judges follow Law-KD Aggarwal. Powered by Blogger.

If Judgments were based on law, every lawyer will get same fees!-KD Aggarwal

Facts and Statute are Not Relevant. They are invented / concealed / amended by corrupt Judges - KD Aggarwal.

Let us make India Corruption free

The matter and inference drawn are based on actual personal experiences of Author. They are meant to serve as beacon to those who may find themselves in similar situations to save themselves from clutches of unscrupulous persons. They are also meant to serve as an eye opener to those men who are sitting at Helm of Affairs for improvement of judicial system and corruption free India, so that never again one says; "the law court is not a cathedral (what they used to be) but a casino where so much depends on the throw of the dice (and money). K R Narayanan http://www.krnarayanan.in/html/speeches/others/jan28_00.htm

Transparency improves Accountability

Every Judge is Public Servant and thus accountable for his acts. Transparency of Complaints against Judges and instant stringent action for perjury and violation of their oath will improve Dignity of Courts and Justice delivery.

Saturday, December 1, 2012

Common Pool Fund of Official Liquidator

Common Pool Fund of Official Liquidator.
Common Pool fund is an account established under Orders of Honorable High Court and its funds are under the control and management of the Honorable high Court. 

There is no provision for such an account in Companies Act which normally lays down that assets of the Companies be sold within one year. Official Liquidators have no knowledge of Companies act or how to liquidate the Companies within the stipulated period, hence they proposed such an account to meet expenses.

It comprises 10% of interest income received on investments of sale proceeds of assets of various companies which is transferred to Common pool fund.

As per letter Dt 9th august 2011 from Official Liquidator, Chandigarh, balance in its common pool fund was Rs 28,335,155/-.

The funds of this account are to paid under Order's of Honorable High Court. The purpose is to apportion expenses of the staff, Chartered accountants, Valuers, advocates, etc or such other expenses as may be ordered by the High Court to be paid from this account.

Kapil Dev Aggarwal.