Official Liquidator of Desmo Exports Limited. (in Liquidation) v. Zhejiang Medicines and Health Products Import and Export Co. Ltd. (Petitioner)
Case brief
What is this about?
Official Liquidator permitted to appoint valuer from OL panel; inventory and valuation of immovable property prior to sale; valuer fees payable out of sale proceeds; Desmo Exports Ltd (in liqn.); Zhejiang Medicines And Health Products Import And Export Co. Ltd.; C-108 Trans Thane Creek Industrial Area, Pawane MIDC, Navi Mumbai – 400 705; Companies Act, 1956; Bombay High Court OOCJ; Sharmila U. Deshmukh, J.; July 24, 2025; winding-up; liquidation asset valuation.
What did the court decide?
Permission granted to the Official Liquidator to appoint a valuer from the Official Liquidator's panel for preparing the inventory and conducting valuation of the immovable property at C-108, Trans Thane Creek Industrial Area, Pawane MIDC, Navi Mumbai prior to sale, and to pay the valuer's fees out of the sale proceeds of the Company (in liqn.).