Official Liquidator in Kanaka Shri Ram Pvt. Ltd. was directed to fix reserve prices and EMD for selling liquid assets. Court approved valuations and prices for Plots No.1 and 2, along with vacant plots at CIDCO TQ.
Allowances of prayers (a) and (b) of the Official Liquidator's Report No. 25 of 2020 regarding reserve prices and EMD.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
1 57) olr25-2020.doc
SAS
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
OFFICIAL LIQUIDATOR’S REPORT NO.25 OF 2020 IN
COMPANY PETITION NO.322 OF 1994
In the matter of Companies Act, 1 of 1956;
And
In the matter of Kanakdhara Steel Ltd. (in Pro. Liqn.)
Mr.Mahendhra Aithe, Company Prosecutor for the Ofciai Liquidator.
CORAM : S.C. GUPTE, J.
DATE : FEBRUARY 7, 2020
P.C. :-
This OLR seeks directions for fiinn reserve price for immovabie assets of the Company (in iiquidation) to be ofered for saie toaards administration of assets. The property consists of :
2 57) olr25-2020.doc
No.18A and 18 B Toan Centre, C-1, Sector, CIDCO TQ, District Aurannabad.
| sr. No. |
Assets | Reserve price | EMD |
|---|---|---|---|
| 1. | Open piots aionn aith tao rooms and one tempie (not compieted), situated at D1/2, MIDC, Paithan, Aurannabad, |
80,00,000 | 25% 20,00,000 |
| 2. | Vacant piots situated at N-1, Survey No.81(pt) |
4,00,00,000 | 10% 40,00,000 |
| Piot No.18A and 18 B | |||
| Toan Centre, C-1, Sector, | |||
| CIDCO TQ, District |
|||
| Aurannabad. |
(S.C.GUPTE,J. )
1 issue framed by the court
Whether directions should be issued for fixing the reserve price and EMD for the sale of immovable assets of the company in liquidation.
1 provisions across 1 enactments
Kanaka Shri Ram Pvt. Ltd.
Official Liquidator
S.C. GUPTE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
