Disposed
Official Liquidator v. Giltedge Management Services Ltd.
Bombay HCOLR/203/2019
Case brief
AI extract
What is this about?
The court directed the Official Liquidator to appoint an independent valuer to assess the current value of company assets, rejecting previous reports. The liquidator must submit a fresh report within four weeks, and payment orders from bidders who refused to increase offers were returned.
What did the court decide?
Company Liquidator to appoint a new valuer and submit a fresh valuation report in a sealed envelope within 4 weeks; payment orders from the bidders to be returned.