Official Liquidator sought leave to withdraw a report with liberty to file a fresh one due to outdated valuation in the real estate market. The court granted the liberty.
Liberty granted to file a fresh report.
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OLR271.17-12
1
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION OFFICIAL LIQUIDATOR REPORT NO.271 OF 2017/VII IN
COMPANY PETITION NO.806 OF 1988
In the matter of Companies Act, I of 1956
And
In the matter of M/s. Trimurti Housing Development Ltd. (In Liquidation).
Mr.Vinod Sharma, OL present. Mr.Mahendhar Aithe-Company Prosecutor for OL present.
CORAM : K.R.SHRIRAM,J DATE : 8.11.2017
P.C.:-
liberty to file fresh report. According to Official Liquidator the reserve price that was fixed earlier was based on valuation report issued more than 2 years ago and due to change in circumstances in the real estate
market, the valuation and realistic reserve price to be fixed afresh.
(K.R.SHRIRAM,J)
KJ
Official Liquidator
K.R.SHRIRAM
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
