Date: 22-09-2020
Reason For Adjournment: Adjourned due to Covid-19
Next Purpose: DIRECTIONS
Next Hearing Date: 30-09-2020
Date: 30-09-2020
Business: Adv. Sayed for applicant present.
Matter adjd for hearing on 09/10/2020.
Next Purpose: DIRECTIONS
Next Hearing Date: 09-10-2020
Date: 09-10-2020
Reason For Adjournment: Adjourned due to Covid-19
Next Purpose: ORDER
Next Hearing Date: 16-10-2020
Date: 16-10-2020
Business: Advocate present.
Court is busy in hearing argument in BA and ABA hence matter is adjd. to 20.10.2020
Next Purpose: ORDER
Next Hearing Date: 20-10-2020
Date: 20-10-2020
Reason For Adjournment: Adjourned due to Covid-19
Next Purpose: ORDER
Next Hearing Date: 21-10-2020
Date: 21-10-2020
Reason For Adjournment: Adjourned due to Covid-19
Next Purpose: ORDER
Next Hearing Date: 27-10-2020
Date: 27-10-2020
Business: Adv. M.H. Sayed and Shyamdhar for petitioner present.
F.R.S.R. following order is passed.
ORDER
1. The Guardian Petition No.67/2020 is hereby allowed.
2. Permission is hereby granted to applicant under Section 8(2)(a) of Hindu Minority and Guardianship Act, 1956 r/w Guardians and Wart Act 1890 to mortgage/sale of the properties mentioned in Para No.7 of the application i.e. 1) 1302/1303, Jeevan Sapna Apartment, M.G. Cross Road No.4, Kandivali (West), Mumbai – 400067, 2) Flat No.1803, E/Wing, R.N.A. Grande, M.G. Cross Road, Kandivali (West), Mumbai – 400067 and 3) Prakruti Estate, Bungalow No.A-4, Tungarli Village, Near Narayani Dham Temple, Lonavala, Maharashtra to the bank for working capital/CC/term loan.
3. That in case of default of loan account bank shall first recover the loan amount by disposing of the properties of other directors and other properties where minor has no share.
4. That after disposing of all the individual properties of the directors and other mortgaged properties like factory land building, machinery, stocks, movable and immovable properties etc, in which minor\''s has no share, if entire loan amount is not recovered then the bank is at liberty to dispose of the properties in which minor has share.
5. That excess amount if any, after repayment of entire loan amount, the bank shall deposit said amount in minor\''s name as fixed deposit receipt. In addition, said FDR cannot be used/utilized by others without prior permission of court or minor attaining majority whichever is early.
6. Application disposed of accordingly.
Nature Of Disposal: ALLOWED
Disposal Date: 27-10-2020
