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रजिस्ट्री स.ं डी.एल.- 33002/99 REGD. No. D. L.-33002/99 भारत सरकार GOVERNMENT OF INDIA एएसस..जजीी..--डडीी..एएxललxx..G--अअID..H--22x11x00x 6622002244--225544774455 SSGG--DDLLxx--EExG--22ID11E00x66x22x00 2244--225544774455 असाधारण EXTRAORDINARY प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 154] दिल्ली, िुक्रवार, िनू 14, 2024/ज्य ष्े ठ 24, 1946 [रा.रा.रा.क्ष.ेदि. स.ं 71 No. 154] DELHI, FRIDAY, JUNE 14, 2024/JYAISHTHA 24, 1946 [N. C. T. D. No. 71 भाग IV PART IV राष्ट्रीय रािधानी राज्य क्षत्रे 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;ks a dk ç;ksx djrs gq,] jk"Vhª; jkt/kkuh {ks= fnYyh ds mijkT;iky ,rn~}kjk vkf/kdkfjd izkIrdrkZvks a dh fu;qfä gsrq fuEufyf[kr fu;e cukr s gSa] vFkkZRk]%& I 1- ¼1½ bu fu;eksa dk s 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 gksxa sA ¼3½ os fnYyh jkti= es a bl vf/klwpuk ds çdk'ku dhfrfFk ls ykxw gksxa sA 2- ¼1½ bu fu;eks a eas] 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( 3604 DG/2024 (1)2 DELHI GAZETTE : EXTRAORDINARY PART IV] ¼x½ dk vfHkizk; jk"Vªh; jkt/kkuh {ks= fnYyh es a 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 gkxs k( 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 tk s bu fu;eks a eas fn[kkbZ nrs h gS] yfsdu ifjHkkf"kr ugh a gS] mldk ogh vFkZ gksxk tks vf/kfu;e ds vUrxZr fn;k tkuk gSA ¼3½ bu fu;eksa eas vku s oky s 'kCn vkSj vfHkO;fä;k¡] tk s bu fu;eksa ;k vf/kfu;e ds vUrxZr ifjHkkf"kr ugha gSa] mudk ogh vFkZ gksxk tks mUgs a 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 es]a foHkkx }kjk miyC/k djkbZ xbZ O;k[;k vafre gksxhA II 3- ¼1½ fnYyh ds U;k;ky;ks a eas vH;kl dju s okyk vf/koDrk] ftldk fof/kK eas 15 lky ls vf/kd dk dk;Zdky gS rFkk fnYyh dh U;k;ky;ks a eas fnokfy;k ekeyks a dks laHkkyus dk vuqHko gS] vkf/kdkfjd izkIrdrkZ ds :i es a fu;qfä gsrq fopkj dju s 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 tku s ij] viu s vf/kdkj {ks= esa vH;kl dju s oky s ikWap vf/koäkvks a ds uke] ftuds ikl fu;e 3 ds vUrxZr fu/kkZfjr vuHq ko gS] muds }kjk mfpr le>h tku s okyh çfØ;k dk ikyu djus ds ckn foHkkx dks fopkj ds fy, vuq’kalk djsxa sA - ¼2½ mi lfpo Lrj ;k mlls Åij ds nks vf/kdkfj;ks a vkSj iz/kku lfpo ¼dkuuw ] U;k; vkSj fo/kk;h ekey½s dh v/;{krk okyh lfefr] ekuuh; iz/kku ftyk ,oa l= U;k;k/kh'k ds dk;kZy; }kjk vuq'kaflr ukeks a ij fopkj djsxh rFkk mi;qDr mEehnokjks a dh flQkfj’k djuk] tk s vkf/kdkfjd izkIrdrkZ ds drZO;ks a ds fuoZgu ds fy, mi;qä vkSj mfpr le>s tk,aA ¼3½ ljdkj] vkf/kdkfjd jkti= eas vf/klwpuk }kjk] fu;e 5¼2½ ds vUrxZr lfefr }kjk mi;qä le>s tku s okys O;fä dks jk"Vªh; jkt/kkuh {ks= fnYyh ds çR;sd ftys ds fy, vkf/kdkfjd izkIrdrkZ ds :i es a fu;qä dj ldrh gSA ¼4½ ljdkj] ,d vkn's k ds ek/;e ls] ,d ftys ds vkf/kdkfjd izkIrdrkZ dks ,d ls vf/kd ftyks a ds fy, vkf/kdkfjd izkIrdrkZ dk Hkh funsZ'k ns ldrh gSA ¼5½ vkf/kdkfjd izkIrdrkZ dk dk;Zdky rhu o"kksZa ds fy, gksxk ftls ljdkj }kjk mlds çn'kZu ij fopkj dju s ds i’pkr ,d o"kZ ds fy, c<k+;k tk ldrk gSA III 6- 1- çR;sd vkf/kdkfjd çkIrdrkZ dk s 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 yus nkj }kjk fnokyk U;k;k/kh'k dks fyf[kr 10]000@&#i;s çfr ifjlaifÙk rd :i eas ,d vkosnu çkIr gksrk gS] tk s fnokfy;k olwyh dk 8 çfr'kr vkSj mlls vf/kd dh laifÙk ds fdlh Hkh fgLls dks lqj{kk ds :i eas 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 vkn's k ds vUrxZr lqj{kk çkIr dj yh gSA ¼x½ tgka fnokfy;k ds lkFk le>kSrk gks x;k gks ;k 10]000@&#i;s çfr ifjlaifÙk rd] dqy yus nkjks a ds chp lek/kku gks x;k gks jkf'k dk 8 çfr'kr yus nkjks a dks Hkqxrku dju s ij lgefr gqbZ vkSj mlls vf/kd 5 çfr'kr ¼?k½ tgka laifÙk nwlj s ftys ds vkf/kdkfjd izkIrdrkZ 10]000@&#i;s çfr ifjlaifÙk rd] fcØh ds ek/;e ls csph tkrh gS] tgka laifÙk fLFkr gS dk 5 çfr'kr vkSj mlls vf/kd 4 çfr'kr ¼M+½ tgka vkf/kdkfjd izkIrdrkZ ,slh laifÙk dks csprk 10]000@&#i;s rd fcØh dh vk; dk gS tk s nlw js ftys es a fnokfy;kiu dh dk;Zokgh ds 3 çfr'kr vkSj mlls vf/kd 2 çfr'kr v/khu gS ¼p½ tgka utkjr LVkQ ds ek/;e ls fnokfy;k dh 5]000@&#i;s çfr ifjlaifÙk rd fcØh laifÙk csph tkrh gS 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;ks a dh jlhnas^^ 'kh"kZd ds vUrxZr ljdkj dks tek fd;k tk,xkA ¼N½ tgka laifÙk nwlj s jkT; ds U;k;ky; ds ek/;e ls 10]000@&#i;s rd fcØh dh vk; dk csph tkrh gS tgka laifÙk fLFkr gS 5 çfr'kr vkSj mlls vf/kd 2 çfr'kr ¼t½ tgka vkf/kdkfjd izkIrdrkZ nlw js jkT; eas 10]000@&#i;s rd fcØh dh vk; dk fnokfy;k ?kksf"kr fdlh fnokfy;k dh laifÙk 3 çfr'kr vkSj mlls vf/kd 2 çfr'kr csprk gS ¼>½ tgka vkf/kdkfjd çkIrdrkZ }kjk laifÙk ds eYw ; laifÙk ds vuqekfur eYw ; dk 1 çfr'kr dh dksbZ olwyh fd, tku s ls igy s U;k;fu.kZ;u ds vkn's k dks jí dj fn;k tkrk gS ¼´½ tgka vkf/kdkfjd izkIrdrkZ fnokyk dk;Zokgh eas mi;qZDrkuqlkj fu.kZ; ls igy s ,d varfje izkIrdrkZ gS ¼V½ fu.kZ; ls igys U;k;ky; ds ek/;e ls dh xbZ 10]000@&#i;s rd çkIr jkf'k dk fcØh ds dkj.k ukftj ls vkf/kdkfjd izkIrdrkZ 5 çfr'kr vkSj mlls vf/kd 3 çfr'kr }kjk çkIr /ku ds ekeys esa c'krZs fd ikfjJfed dh vk/kh jkf'k en ¼³½] ¼t½] ¼>½ vkSj ¼´½ eas mfYyf[kr ekeyks a dk s NksM+dj] lHkh ekeyks a eas vkf/kdkfjd izkIrdrkZ dks rc rd Hkqxrku ugha dh tk ldrh tc rd fd ifjlaifÙk forfjr ugh a 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 yus nkj ds ikl fxjoh j[kh xbZ laifÙk ds ekey s eas] laiw.kZ fcØh&vk; ij deh'ku dsoy rHkh fy;k tkuk pkfg,] tc yus nkj U;k;ky; ds ek/;e ls izfrHkfwr 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 ,sl s ekeyks a eas] tgka ,slh laifÙk lqjf{kr yus nkj }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 eas rc rd njs h ugh a djuh pkfg, tc rd fd og lqjf{kr ysunkjks a dks laifÙk eas 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 _.kHkkjks a ls eqä djds cspuk mi;ksxh gks ldrk gS( yfsdu ekey s eas vR;f/kd njs h ugha gksuh pkfg,A vkf/kdkfjd çkIrdrkZ ekspu dh bfDoVh dk fuiVku dju s ds fy, gj le; l{ke gS tk s okLro es a og lc dqN gS] tks mlea s fufgr gSA IV 8- ¼1½ ftyk U;k;k/kh'k }kjk [kkrk [kksyk tk,xkA4 DELHI GAZETTE : EXTRAORDINARY PART IV] ¼2½ ,d vkf/kdkfjd izkIrdrkZ dh lsokvks a ds laca/k eas çkarh; fnokyk vf/kfu;e] 1920 dh /kkjk 56 dh mi&/kkjk ¼2½ ds [kaM ¼[k½ ds vUrxZr n;s 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 eas tek dh tk,xhA V 9- 1½ vkf/kdkfjd izkIrdrkZ dks çR;sd ekey s ds fy, ,d vyx fjd‚MZ j[kuk pkfg, ftlesa foLrkj ls n’kkZ;k tk, fd çR;sd fnu D;k dkjoZ kbZ 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] ,sl s jftLVj dks izLrqr djsxkA ¼2½ vkf/kdkfjd izkIrdrkZLo;a }kjk fuiVk, x, ekeyks a ds ekfld fooj.k dk s Hkh fof/k] U;k; vkSj fo/kk;h dk;Z foHkkx dks çLrqr djsxkA fjd‚MZ dks nks Hkkxksa eas 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;ks a gsrqA 12- vkf/kdkfjd çkIrdrkZvks a ds fjd‚MZ vkSj jftLVj tc iw.kZ gks tk,a rks mUgs a U;k;ky; ds fjd‚MZ dk fgLlk cukus ds fy, U;k;ky; dk s lkSai fn;k tkuk pkfg, vkSj foHkkx dk vuqeksnu çkIr dju s ds i’pkr ~ muds lkFk fjd‚MZ d{k eas Hkst fn;k tkuk pkfg,A VI 10- & ¼1½ çR;sd vkf/kdkfjd izkIrdrkZ 5 lseh O;kl dh ,d lkn s xksykdkj eqgj dk mi;ksx djsxk tSlk fd uhp s fn, x, fp= esa n'kkZ;k x;k gS] ftlesa mldk uke] ml {ks= dk uke ftleas mls viu s dk;ksZa 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 tkpa fof/k] U;k; vkSj fo/kk;h dk;Z foHkkx }kjk Lor% laKku ;k bl laca/k eas çkIr f'kdk;r ij vkjHa k dh tk ldrh gSA ¼2½ vkf/kdkfjd izkIrdrkZ dks lquokbZ dk volj nus s ds i’pkr~ fof/k] U;k; vkSj fo/kk;h dk;Z foHkkx }kjk ,sl s 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 dju s ;k fyf[kr prs kouh ds }kjk] tSlk Hkh ekeyk gks] “kkfey gSA ¼3½ inP;qr ds ekeys es]a vf/klwpuk vkf/kdkfjd jkti= eas tkjh dh tk ldrh gS ftls lacaf/kr vf/kdkjh rFkk fnYyh fof/kK ifj’kn~ dk s lwfpr fd;k tk,xkA jk"Vªh; jkt/kkuh {ks= fnYyh ds mijkT;iky ds vkn's 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 8 per cent of the realization up to assets Rs 10,000 per estate and beyond that 5 per cent (b) When an application is received in writing 8 per cent of the realization, up to to the insolvency Judge by a creditor who Rs 10,000 per estate and beyond that holds and beyond that 6 per cent as 5 per cent 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 (c) Where a compromise has been effected 8 per cent of the total sum, agreed with the in- solvent or settlement made to be paid to the creditors up to among the creditors Rs 10,000 per estate and beyond that 5 per cent (d) Where the property is sold through the 5 per cent of the sale proceeds up to Official Receiver of another district where Rs 10,000 per estate and beyond that the property is situated 4per cent (e) Where the Official Receiver sells property 3 per cent of the sale proceeds up to which is subject of insolvency Rs 10,000 and beyond that proceedings in another district 2 per cent (f) Where the property of the Insolvent is sold 5 per cent of the sale proceeds up to through the Nazarat Staff 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 5 per cent of the sale proceeds- up to Court of another State where the property Rs 10,000 per estate and beyond that is situate 2 per cent (h) Where the Official Receiver sells property 3 per cent of the sale proceeds up to of an insolvent adjudicated in another Rs 10,000 and beyond that State 2 per cent (i) Where the order of adjudication is set 1 per cent of the estimated value of aside before the value of the property the property Official Receiver has made any realization (j) Where the Official Receiver is an Ad Same as above interim Receiver prior to adjudication in Insolvency Proceedings (k) In the case of money received by the 5 per cent of the amount received up Official Receiver from the Nazir on to Rs 10,000 and beyond that 3 per account of sales held through Court prior cent to adjudication 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. Official Receiver Government of NCT of Delhi 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.