Dismissed
Shri S.M.Krishnamurthy v. the Official Liquidator of
Karnataka HCCA/404/2022
Case brief
AI extract
What is this about?
The Application seeking a direction to the Official Liquidator to sell company property based on guideline value is dismissed. The Court holds that guideline values do not reflect market value and orders the property to be disposed of via public auction within four weeks of the Valuer's Report.
What did the court decide?
The application is disposed of; the Official Liquidator is ordered to hold a public auction within four weeks from the date the Valuer's Report is obtained.