3604 DG/2024

(1)

रजिस्ट्री सं. डी.एल.- 33002/99 REGD. No. D. L.-33002/99

xxxGIDHxxx

xxxGIDExxx

असाधारण

EXTRAORDINARY

प्राजधकार से प्रकाजित

PUBLISHED BY AUTHORITY

भाग IV

PART IV

राष्ट्रीय रािधानी राज्य क्षेत्र दिल्ली सरकार

GOVERNMENT OF THE NATIONAL CAPITAL TERRITORY OF DELHI

fnYyh] 14 twu] 2024

jtsecylaw /735-744.—çkarh; fnokyk vf/kfu;e] 1920 ¼2020 dk

vf/kfu;e V½ dh /kkjk 57 }kjk çnÙk 'kfä;ksa dk ç;ksx djrs gq,] jk"Vªh; jkt/kkuh {ks= fnYyh ds mijkT;iky ,rn~}kjk

vkf/kdkfjd izkIrdrkZvksa dh fu;qfä gsrq fuEufyf[kr fu;e cukrs gSa] vFkkZRk]%&

I

1-

¼1½ bu fu;eksa dks çkarh; fnokyk vf/kfu;e] 1920 ¼1920 dk vf/kfu;e V½

dh /kkjk 57 ds rgr jk"Vªh; jkt/kkuh {ks= fnYyh ds fy, vkf/kdkfjd izkIrdrkZ dh fu;qfä fu;e] 2024 dgk

tk,xkA

¼2½ ;s jk"Vªh; jkt/kkuh {ks= fnYyh ds Hkhrj ykxw gksaxsA

¼3½ os fnYyh jkti= esa bl vf/klwpuk ds çdk'ku dhfrfFk ls ykxw gksaxsA

2-

¼1½ bu fu;eksa esa] tc rd fd lanHkZ ls vU;Fkk visf{kr u gks%&

¼d½

dk vfHkizk; çkarh; fnokyk vf/kfu;e] 1920 ¼1920 dk vf/kfu;e V½ ls gS(

¼[k½ ^^vf/koDrk** dk vfHkizk; fnYyh dh fof/kK ifj’kn ds lkFk iathd`r vf/koDRkk ls gS(

सं. 154]

दिल्ली, िुक्रवार, िून 14, 2024/ज् येष् ठ 24, 1946

[रा.रा.रा.क्षे.दि. सं. 71

No. 154]

DELHI, FRIDAY, JUNE 14, 2024/JYAISHTHA 24, 1946

[N. C. T. D. No. 71

भारत सरकार

GOVERNMENT OF INDIA

एस.जी.-डी.एल.-अ.-21062024-254745

SG-DL-E-21062024-254745

एस.जी.-डी.एल.-अ.-21062024-254745

SG-DL-E-21062024-254745

2

DELHI GAZETTE : EXTRAORDINARY

PART IV]

¼x½

dk vfHkizk; jk"Vªh; jkt/kkuh {ks= fnYyh esa U;kf;d ftyk ls gS(

¼?k½

dk vfHkizk; jk"Vªh; jkt/kkuh {ks= fnYyh ds çR;sd U;kf;d ftys ds fy, fnYyh

mPp U;k;ky; }kjk fu;qä ç/kku ftyk ,oa l= U;k;k/kh'k ls gksxk(

¼M+½

dk vfHkizk; gS fof/k U;k; vkSj fo/kk;h dk;Z foHkkx] jk"Vªh; jkt/kkuh {ks= fnYyh ljdkj ls gS(

¼p½

dk vfHkizk; Hkkjr ds lafo/kku ds vuqPNsn 239&,, ds lkFk ifBr vuqPNsn 239 ds vUrxZr

jk"Vªifr }kjk fu;qä jk"Vªh; jkt/kkuh {ks= fnYyh dk mijkT;iky ls gS(

¼>½

dk vfHkizk; bu fu;eksa ds vUrxZr fu;qä vkf/kdkfjd izkIrdrkZ ls gS(

¼t½

dk vfHkizk; foHkkx }kjk vuqjf{kr jftLVj ds vuqlkj fu;qä vkf/kdkfjd izkIrdrkZ

dks vkoafVr iathdj.k la[;k ls gSA

¼2½

dksbZ Hkh 'kCn ;k vfHkO;fä tks bu fu;eksa esa fn[kkbZ nsrh gS] ysfdu ifjHkkf"kr ugha gS] mldk ogh vFkZ

gksxk tks vf/kfu;e ds vUrxZr fn;k tkuk gSA

¼3½

bu fu;eksa esa vkus okys 'kCn vkSj vfHkO;fä;k¡] tks bu fu;eksa ;k vf/kfu;e ds vUrxZr ifjHkkf"kr ugha

gSa] mudk ogh vFkZ gksxk tks mUgsa lkekU; [kaM vf/kfu;e] 1897 ¼1897 dh la[;k X½ ds vUrxZr fn;k

x;k gSA

¼4½ fdlh Hkh vLi"Vrk ds ekeys esa] foHkkx }kjk miyC/k djkbZ xbZ O;k[;k vafre gksxhA

II

3-

¼1½ fnYyh ds U;k;ky;ksa esa vH;kl

djus okyk vf/koDrk] ftldk fof/kK esa 15 lky ls vf/kd dk dk;Zdky gS rFkk fnYyh dh U;k;ky;ksa esa

fnokfy;k ekeyksa dks laHkkyus dk vuqHko gS] vkf/kdkfjd izkIrdrkZ ds :i esa fu;qfä gsrq fopkj djus ds fy, ik=

gksxkA

4-

¼1½ jk"Vªh; jkt/kkuh {ks= fnYyh ds çR;sd ftys ds fy, ,d

vkf/kdkfjd izkIrdrkZ fu;qä fd;k tk ldrk gSA

5-

¼1½ ç/kku ftyk ,oa l= U;k;k/kh'k] foHkkx }kjk ekaxs tkus ij] vius vf/kdkj {ks= esa

vH;kl djus okys ikWap vf/koäkvksa ds uke] ftuds ikl fu;e 3 ds vUrxZr fu/kkZfjr vuqHko gS] muds }kjk mfpr

le>h tkus okyh çfØ;k dk ikyu djus ds ckn foHkkx dks fopkj ds fy, vuq’kalk djsaxsA -

¼2½

mi lfpo Lrj ;k mlls Åij ds nks vf/kdkfj;ksa vkSj iz/kku lfpo ¼dkuwu] U;k; vkSj fo/kk;h ekeys½ dh v/;{krk

okyh lfefr] ekuuh; iz/kku ftyk ,oa l= U;k;k/kh'k ds dk;kZy; }kjk vuq'kaflr ukeksa ij fopkj djsxh rFkk

mi;qDr mEehnokjksa dh flQkfj’k djuk] tks vkf/kdkfjd izkIrdrkZ ds drZO;ksa ds fuoZgu ds fy, mi;qä vkSj

mfpr le>s tk,aA

¼3½

ljdkj] vkf/kdkfjd jkti= esa vf/klwpuk }kjk] fu;e 5¼2½ ds vUrxZr lfefr }kjk mi;qä le>s tkus okys O;fä

dks jk"Vªh; jkt/kkuh {ks= fnYyh ds çR;sd ftys ds fy, vkf/kdkfjd izkIrdrkZ ds :i esa fu;qä dj ldrh gSA

¼4½

ljdkj] ,d vkns'k ds ek/;e ls] ,d ftys ds vkf/kdkfjd izkIrdrkZ dks ,d ls vf/kd ftyksa ds fy, vkf/kdkfjd

izkIrdrkZ dk Hkh funsZ'k ns ldrh gSA

¼5½

vkf/kdkfjd izkIrdrkZ dk dk;Zdky rhu o"kksaZ ds fy, gksxk ftls ljdkj }kjk mlds çn'kZu ij fopkj djus ds

i’pkr ,d o"kZ ds fy, c<+k;k tk ldrk gSA

III

6-

1- çR;sd vkf/kdkfjd çkIrdrkZ dks fuEufyf[kr ikfjJfed çkIr

gksxk%&

¼d½

fnokfy;k ifjlaifÙk ls çkIr jkf'k ij

10]000@&#i;s çfr ifjlaifÙk rd

olwyh dk 8 çfr'kr vkSj mlls vf/kd 5

çfr'kr

¼[k½ ,d ysunkj }kjk fnokyk U;k;k/kh'k dks fyf[kr

:i esa ,d vkosnu çkIr gksrk gS] tks fnokfy;k

dh laifÙk ds fdlh Hkh fgLls dks lqj{kk ds :i esa

10]000@&#i;s çfr ifjlaifÙk rd

olwyh dk 8 çfr'kr vkSj mlls vf/kd

5 çfr'kr

[PART IV

DELHI GAZETTE : EXTRAORDINARY

3

6 izfr'kr ls vf/kd j[krk gS] vkf/kdkfjd

izkIrdrkZ us laifÙk csp nh gS vkSj fcØh dh vk;

ij U;k;kyh; ds ,d fyf[kr vkns'k ds vUrxZr

lqj{kk çkIr dj yh gSA

¼x½

tgka fnokfy;k ds lkFk le>kSrk gks x;k gks ;k

ysunkjksa ds chp lek/kku gks x;k gks

10]000@&#i;s çfr ifjlaifÙk rd] dqy

jkf'k dk 8 çfr'kr ysunkjksa dks Hkqxrku

djus ij lgefr gqbZ vkSj mlls vf/kd

5 çfr'kr

¼?k½

tgka laifÙk nwljs ftys ds vkf/kdkfjd izkIrdrkZ

ds ek/;e ls csph tkrh gS] tgka laifÙk fLFkr gS

10]000@&#i;s çfr ifjlaifÙk rd] fcØh

dk 5 çfr'kr vkSj mlls vf/kd

4 çfr'kr

¼M+½

tgka vkf/kdkfjd izkIrdrkZ ,slh laifÙk dks csprk

gS tks nwljs ftys esa fnokfy;kiu dh dk;Zokgh ds

v/khu gS

10]000@&#i;s rd fcØh dh vk; dk

3 çfr'kr vkSj mlls vf/kd 2 çfr'kr

¼p½

tgka utkjr LVkQ ds ek/;e ls fnokfy;k dh

laifÙk csph tkrh gS

5]000@&#i;s çfr ifjlaifÙk rd fcØh

dh vk; dk 5 çfr'kr vkSj mlls vf/kd

3 çfr'kr

Vhi& fcØh vk; dk nks çfr'kr ^^XVII&U;k;

fofo/k ç'kklu 'kqYd vkSj tqekZuk & fnokfy;kiu

U;k;ky;ksa dh jlhnsa^^ 'kh"kZd ds vUrxZr ljdkj

dks tek fd;k tk,xkA

¼N½

tgka laifÙk nwljs jkT; ds U;k;ky; ds ek/;e ls

csph tkrh gS tgka laifÙk fLFkr gS

10]000@&#i;s rd fcØh dh vk; dk

5 çfr'kr vkSj mlls vf/kd 2 çfr'kr

¼t½

tgka vkf/kdkfjd izkIrdrkZ nwljs jkT; esa

fnokfy;k ?kksf"kr fdlh fnokfy;k dh laifÙk

csprk gS

10]000@&#i;s rd fcØh dh vk; dk

3 çfr'kr vkSj mlls vf/kd 2 çfr'kr

¼>½

tgka vkf/kdkfjd çkIrdrkZ }kjk laifÙk ds ewY;

dh dksbZ olwyh fd, tkus ls igys U;k;fu.kZ;u

ds vkns'k dks jí dj fn;k tkrk gS

laifÙk ds vuqekfur ewY; dk 1 çfr'kr

¼´½

tgka vkf/kdkfjd izkIrdrkZ fnokyk dk;Zokgh esa

fu.kZ; ls igys ,d varfje izkIrdrkZ gS

mi;qZDrkuqlkj

¼V½

fu.kZ; ls igys U;k;ky; ds ek/;e ls dh xbZ

fcØh ds dkj.k ukftj ls vkf/kdkfjd izkIrdrkZ

}kjk çkIr /ku ds ekeys esa

10]000@&#i;s rd çkIr jkf'k dk

5 çfr'kr vkSj mlls vf/kd 3 çfr'kr

c'krsZ fd ikfjJfed dh vk/kh jkf'k en ¼³½] ¼t½] ¼>½ vkSj ¼´½ esa mfYyf[kr ekeyksa dks NksM+dj] lHkh ekeyksa esa

vkf/kdkfjd izkIrdrkZ dks rc rd Hkqxrku ugha dh tk ldrh tc rd fd ifjlaifÙk forfjr ugha gks tkrhA

2-

Hkqxrku çkarh; fnokyk vf/kfu;e] 1920 dh /kkjk 57 dh mi&/kkjk ¼3½ ds vUrxZr ;k vU;Fkk çnku dh xbZ fuf/k

ls fd;k tk,xkA

7-

¼1½ fdlh ysunkj ds ikl fxjoh j[kh xbZ laifÙk ds ekeys

esa] laiw.kZ fcØh&vk; ij deh'ku dsoy rHkh fy;k tkuk pkfg,] tc ysunkj U;k;ky; ds ek/;e ls izfrHkwfr dh

olwyh ds fy, fyf[kr vkosnu djrk gS] bl rF; ij /;ku fn, fcuk fd Ø; jkf’k fxjoh /ku ls vf/kd gS ;k

ughaA ,sls ekeyksa esa] tgka ,slh laifÙk lqjf{kr ysunkj }kjk bl izdkj ds fdlh Hkh vkosnu ds fcuk foØ;dh

tkrh gS] rks fcØh vk; ij _.kHkkj ls tqM+h jkf'k dks ?kVkdj deh'ku fy;k tkuk pkfg,A

vkf/kdkfjd izkIrdrkZ dks laifÙk ds fuiVku esa rc rd nsjh ugha djuh pkfg, tc rd fd og lqjf{kr ysunkjksa

dks laifÙk esa muds fgr dh fcØh gsrq mudh lgefr nsus ds fy, çsfjr u dj ldsA fuLlansg] ;g lgefr çkIr

djuk vkSj bl çdkj laifÙk dks lHkh _.kHkkjksa ls eqä djds cspuk mi;ksxh gks ldrk gS( ysfdu ekeys esa

vR;f/kd nsjh ugha gksuh pkfg,A vkf/kdkfjd çkIrdrkZ ekspu dh bfDoVh dk fuiVku djus ds fy, gj le;

l{ke gS tks okLro esa og lc dqN gS] tks mlesa fufgr gSA

IV

8-

¼1½ ftyk U;k;k/kh'k }kjk

[kkrk [kksyk tk,xkA

4

DELHI GAZETTE : EXTRAORDINARY

PART IV]

¼2½ ,d vkf/kdkfjd izkIrdrkZ dh lsokvksa ds laca/k esa çkarh; fnokyk vf/kfu;e] 1920 dh /kkjk 56 dh mi&/kkjk

¼2½ ds [kaM ¼[k½ ds vUrxZr ns; leLr /kujkf’k ^^vkf/kdkfjd çkIrdrkZ ikfjJfed fuf/k^^ 'kh"kZd ds varxZr

fnokyk U;k;k/kh'k ds uke ij ftyk dks"kkxkj ;k mi&dks"kkxkj esa tek dh tk,xhA

V

9-

1½ vkf/kdkfjd izkIrdrkZ dks çR;sd ekeys ds fy, ,d

vyx fjd‚MZ j[kuk pkfg, ftlesa foLrkj ls n’kkZ;k tk, fd çR;sd fnu D;k dkjZokbZ dh xbZ( rkfd laiw.kZ

dk;Zokgh dk fujarj fooj.k miyC/k djk;k tk ldsA og fof/k] U;k; vkSj fo/kk;h dk;Z foHkkx ds izkf/k—r

vf/kdkjh }kjk ;k U;k;ky; }kjk] tc Hkh vko';d gks] ,sls jftLVj dks izLrqr djsxkA

¼2½ vkf/kdkfjd izkIrdrkZLo;a }kjk fuiVk, x, ekeyksa ds ekfld fooj.k dks Hkh fof/k] U;k; vkSj fo/kk;h dk;Z

foHkkx dks çLrqr djsxkA

fjd‚MZ dks nks Hkkxksa esa vuqjf{kr fd;k tkuk pkfg, & Hkkx d&çkarh; fnokyk vf/kfu;e dh /kkjk 80 ds vUrxZr

dk;Zokgh gsrq] Hkkx [k&vU; lHkh dk;Zokfg;ksa gsrqA

12-

vkf/kdkfjd çkIrdrkZvksa ds fjd‚MZ vkSj jftLVj tc iw.kZ gks tk,a rks mUgsa U;k;ky; ds fjd‚MZ dk fgLlk cukus ds

fy, U;k;ky; dks lkSai fn;k tkuk pkfg, vkSj foHkkx dk vuqeksnu çkIr djus ds i’pkr~ muds lkFk fjd‚MZ d{k

esa Hkst fn;k tkuk pkfg,A

VI

10-

& ¼1½ çR;sd vkf/kdkfjd izkIrdrkZ 5 lseh O;kl dh ,d lkns xksykdkj eqgj

dk mi;ksx djsxk tSlk fd uhps fn, x, fp= esa n'kkZ;k x;k gS] ftlesa mldk uke] ml {ks= dk uke ftlesa

mls vius dk;ksaZ dk fuoZgu ds fy, fu;qä fd;k x;k gS] iathdj.k la[;k rFkk ifjf/k fu/kkZj.k ^^vkf/kdkfjd

izkIrdrkZ^^ ds lkFk&lkFk ml ftys dk uke ftlds fy, mls fu;qä fd;k x;k gS vkSj ljdkj dk uke] ftlus

mls fu;qä fd;k gS] vafdr gksxkA

VII

11-

¼1½ fdlh vkf/kdkfjd izkIrdrkZ

ds dnkpkj ds fdlh Hkh —R; dh tkap fof/k] U;k; vkSj fo/kk;h dk;Z foHkkx }kjk Lor% laKku ;k bl laca/k esa

çkIr f'kdk;r ij vkjaHk dh tk ldrh gSA

¼2½ vkf/kdkfjd izkIrdrkZ dks lquokbZ dk volj nsus ds i’pkr~ fof/k] U;k; vkSj fo/kk;h dk;Z foHkkx }kjk ,sls

vkf/kdkfjd izkIrdrkZ ds fo:) mfpr dkjZokbZ dh flQkfj'k dh tk ldrh gS] ftlesa dnkpkj dh izd`fr ,oa

xaHkhjrk ds vuqlkj] jkf'k dh olwyh ;k@mls inP;qr djus ;k fyf[kr psrkouh ds }kjk] tSlk Hkh ekeyk gks]

“kkfey gSA

¼3½ inP;qr ds ekeys esa] vf/klwpuk vkf/kdkfjd jkti= esa tkjh dh tk ldrh gS ftls lacaf/kr vf/kdkjh rFkk

fnYyh fof/kK ifj’kn~ dks lwfpr fd;k tk,xkA

jk"Vªh; jkt/kkuh {ks= fnYyh ds mijkT;iky

ds vkns'k ls rFkk muds uke ij]

euehr flag okfy;k] la;qä lfpo

[PART IV

DELHI GAZETTE : EXTRAORDINARY

5

DEPATMENT OF LAW, JUSTICE AND LEGISLATIVE AFFAIRS

NOTIFICATION

Delhi, the 14th June, 2024

No. F.6/12/2018-Judicial/jtsecylaw /735-744.—In exercise of the powers conferred by section 57 of the

Provincial Insolvency Act, 1920 (Act V of 2020), the Lt. Governor of National Capital Territory of Delhi is pleased to

make the following rules for appointment of Official Receivers, namely,

CHAPTER-I

PRELIMINARY

1. Title, Commencement and Applicability. –(1) These Rules shall be called the appointment of Official Receivers

for National Capital Territory of Delhi Rules, 2024 under section 57 of the Provincial Insolvency Act, 1920

(Act V of 1920).

(2) These shall be applicable within the National Capital Territory of Delhi.

(3) They shall come into force on the date of publication of this notification in the Delhi Gazette.

2. Definitions. – (1) In these rules, unless the context otherwise requires:

(a) ―Act‖ means the Provincial Insolvency Act, 1920 (Act V of 1920)

(b) ―Advocate‖ means an Advocate registered with Bar Council of Delhi.

(c) ―District‖ means Judicial District in National Capital Territory of Delhi.

(d ) ―District Judge‖ shall mean the Principal District & Session Judge as appointed by High Court of Delhi for

each Judicial District in National Capital Territory of Delhi.

(e) ―Department‖ means Department of Law Justice and Legislative Affairs, Government of National Capital

Territory of Delhi.

(f) ―Government‖ means the Lieutenant Governor of the National Capital Territory of Delhi appointed by the

President under the Article 239 read with Article 239-AA of the Constitution of India.

(g) ―Official Receiver‖ means Official Receiver appointed under these Rules.

(h)‖ Registration number‖ means the registration number allotted to Official Receiver so appointed, as per the

register maintained by the Department.

(2) Any word or expressions appearing in these rules, but not defined shall have the same meaning as assigned to be

given and under the Act.

(3) The words and expressions appearing in these rules, but not defined under these rules or the Act, shall have the

meaning as given to them under the General Clauses Act, 1897 (No. X of 1897).

(4) In case of any ambiguity, the interpretation provided by the Department shall be final.

CHAPTER-II

APPOINTMENT OF OFFICIAL RECEIVER

3. Eligibility and Qualifications for appointment as Official Receiver. –(1) An Advocate practising in the Courts

of Delhi having standing of more than 15 years at Bar and having experience in handling insolvency matters in

the Courts of Delhi, shall be eligible to be considered for appointment as Official Receiver.

4. Number of vacancies of Official Receiver. – (1) One Official Receiver may be appointed for each judicial

district of National Capital Territory of Delhi.

5. Manner of Appointment. – (1) Principal District and Session Judge, upon requisition by the Department, shall

recommend names of five advocates practising in their jurisdiction, having experience as prescribed under Rule 3,

after following such procedure as deemed appropriate by them, to the Department for consideration.

(2) The Committee comprising two officers of Deputy Secretary level or above and headed by Principal Secretary

(Law, Justice and Legislative Affairs) shall consider the names recommended by the Office of Ld. Principal

District and Session Judge and recommend suitable candidates, as deemed fit and proper for discharging the

duties of Official Receiver.

(3) The Government may, by notification in the Official Gazette, appoint a person as may be deemed suitable by

the Committee under Rule 5(2) as Official Receiver for each District of National Capital Territory of Delhi.

(4) The Government may, by way of an order, also direct Official Receiver of a district to be Official Receiver

for more than one district.

(5) The tenure of the Official Receiver shall be for three years which may be extended for oneyearby the

Government after due consideration of his performance.

6

DELHI GAZETTE : EXTRAORDINARY

PART IV]

CHAPTER-III

REMUNERATION

6. Remuneration payable to the Official Receiver. –1. Every Official Receiver shall receivethe following

remuneration:-

Description

Percentage

REMARKS

1

2

3

(a)

On amount realized from the insolvents

assets

8 per cent of the realization up to

Rs 10,000 per estate and beyond that

5 per cent

(b)

When an application is received in writing

to the insolvency Judge by a creditor who

holds and beyond that 6 per cent as

security any part of the insolvent's

property, the Official Receiver has sold

the property and realized security under a

written order of the court, on the proceeds

of sale

8 per cent of the realization, up to

Rs 10,000 per estate and beyond that

5 per cent

(c)

Where a compromise has been effected

with the in- solvent or settlement made

among the creditors

8 per cent of the total sum, agreed

to be paid to the creditors up to

Rs 10,000 per estate and beyond that

5 per cent

(d)

Where the property is sold through the

Official Receiver of another district where

the property is situated

5 per cent of the sale proceeds up to

Rs 10,000 per estate and beyond that

4per cent

(e)

Where the Official Receiver sells property

which

is

subject

of

insolvency

proceedings in another district

3 per cent of the sale proceeds up to

Rs

10,000

and

beyond

that

2 per cent

(f)

Where the property of the Insolvent is sold

through the Nazarat Staff

5 per cent of the sale proceeds up to

Rs.5,000 per estate and beyond that

3 per cent

Note- Two per cent of the sale proceeds

shall be credited to Government under the

head ―XVII-Administration of Justice

Misc. Fees and Fines – insolvency Courts

Receipts‖

(g)

Where the property is sold through a

Court of another State where the property

is situate

5 per cent of the sale proceeds- up to

Rs 10,000 per estate and beyond that

2 per cent

(h)

Where the Official Receiver sells property

of an insolvent adjudicated in another

State

3 per cent of the sale proceeds up to

Rs

10,000

and

beyond

that

2 per cent

(i)

Where the order of adjudication is set

aside before the value of the property

Official Receiver has made any realization

1 per cent of the estimated value of

the property

(j)

Where the Official Receiver is an Ad

interim Receiver prior to adjudication in

Insolvency Proceedings

Same as above

(k)

In the case of money received by the

Official Receiver from the Nazir on

account of sales held through Court prior

to adjudication

5 per cent of the amount received up

to Rs 10,000 and beyond that 3 per

cent

Provided that in all cases except those mentioned in items (e), (h),(i) and (j) half the amount of remuneration may not

be paid to the Official Receiver until the assets are distributed.

2. The payment would be made out of the Fund provided under sub-section (3) of section 57 of the Provincial

Insolvency Act, 1920, or other- wise.

7. Commission on sale of property subject to mortgage. – (1) In the case of property mortgaged to a creditor,

commission should be charged on the entire sale-proceeds only if the creditor makes a written application for the

[PART IV

DELHI GAZETTE : EXTRAORDINARY

7

realization of the security through the Court irrespective of the fact whether the purchase money exceeds the

mortgage money or not. In cases, where such property is sold without any such application by the secured

creditor, the commission should be charged on the sale proceed less the amount involved by the encumbrance.

Note.-The Official Receiver must not delay the disposal of property till such time as he can induce the secured

creditors to give their consent to the sale of their interest also in the property. It may be useful, of course, to

obtain this consent and so to sell the property free of all encumbrances but the matter must not bedelayed too

long. The Official Receiver is competent at all times to dispose of the equity of redemption which in fact is all

that does vest in him.

CHAPTER-IV

"OFFICIAL RECEIVER'S REMUNERATION FUND"

8. Funds provided under section 57(3) of the Provincial Insolvency Act. – (1)An account shall be opened by the

District Judge.

(2) All sums payable under clause (b) of sub-section (2) of section 56 of the Provincial Insolvency Act, 1920 in

respect of the services of an Official Receiver shall be credited into the District Treasury or a Sub-Treasury in the

name of the Insolvency Judge, under the head "Official Receiver's Remuneration Fund"

CHAPTER-V

TRANSACTION OF BUSINESS BY OFFICIAL RECEIVER

9. Transaction of Business by Official Receiver.–(1) The Official Receiver should maintain a separate record for

each case showing in detail what action was taken on each day so as to provide a continuous history of the whole

proceeding. He shall produce such register as and when required by the authorized officer of Department of Law,

Justice & Legislative Affairs or by the Court.

(2) The Official Receiver shall also submit a monthly statement of cases dealt by him to the Department of Law,

Justice & Legislative Affairs.

The record should be maintained in two parts—Part A for proceedings under section 80 of the Provincial

Insolvency Act, Part B for all other proceedings.

12. The records and registers of the Official Receivers when complete should be made over to the Court for being

made a part of the Court Records and being consigned to the Record Room along with them after obtaining

approval of the Department.

CHAPTER-VI

SEAL OF OFFICIAL RECEIVER

10. Seal of Official Receiver. – (1) Every Official Receiver shall use a plain circular seal of a diameter of 5cm as

indicated by a drawing given below, bearing his name, the name of the area within which he has been appointed

to exercise his functions, the registration number and circumscription ―OFFICIAL RECEIVER‖along with name

of the District for which he has been appointedfor and the name of the Government, which has appointed him.

CHAPTER-VII

PROFESSIONAL OR OTHER MISCONDUCT

11. Enquiry into allegations of professional or other misconduct by Official Receiver. – (1) An enquiry into any

act of misconduct of a Official Receiver may be initiated by the Department of Law, Justice & Legislative Affairs

suomoto or on complaint received in this regard.

(2) After affording an opportunity of being heard to the Official Receiver, appropriate action can be

recommended by the Department of Law, Justice & Legislative Affairs against such Official Receiver,

including recovery of amount or/ his removal from the post or by way of written warning, as the case may

be, according to the nature and gravity of the misconduct.

(3) In case of removal, the notification may be issued in the Official Gazette which shall be communicated to the

official concerned and the Bar Council of Delhi.

By Order and in the Name of the Lieutenant Governor

of the National Capital Territory of Delhi,

MANMEET SINGH WALIA, Jt. Secy.

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064

and Published by the Controller of Publications, Delhi-110054.

Official Receiver

Government of

NCT of Delhi

GORAKHA

NATH YADAVA

Digitally signed by

GORAKHA NATH YADAVA

Date: 2024.06.21 10:48:16

+05'30'