Disposed
The Official Liquidator of Patheja Brothers Forgings and Stampings Ltd. (in Liquidation) v. Devi Construction Co.Pvt. Ltd. (Petitioner)
Bombay HCOLR/164/2023
Case brief
AI extract
What is this about?
Official Liquidator sought directions for reserve price, EMD and sale terms for immovable property of a company in liquidation. Reserve price fixed at Rs.15,50,000 with EMD of Rs.1,50,000; draft sale conditions approved; OLR disposed of by allowing prayer clauses (a) to (d).
What did the court decide?
Reserve price fixed at Rs.15,50,000/-, EMD Rs.1,50,000/-; permission to publish sale notice; draft terms of sale approved; prayer clauses (a)-(d) allowed.