This order dismisses an application filed by a third party seeking to purchase liquidation property without providing reasons, deeming it not maintainable.
Application dismissed as not maintainable.
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Comp.A.No.96 of 2021 in
C.P.No.57 of 1998
R.SUBRAMANIAN.J.,
This application has been filed by the third party seeking to purchase the
property of the Company in liquidation viz., M/s.Maxworth Orchards (India)
Limited.
2. The learned Official Liquidator would submit that they have not
brought the subject property situate at Sandanapalli Village to sale. The
learned Official Liquidator would also submit that it will be open to the
applicant to participate in the auction as and when the properties are brought to sale.
3. When the learned Official Liquidator is obliged to sell the property by public auction, I am at a loss to understand as to how this application could be
entertained by this Court. Hence, this application is dismissed as not maintainable.
dsa
09.04.2021
R.SUBRAMANIAN.J.,
dsa
Comp.A.No.96 of 2021
in
C.P.No.57 of 1998
09.04.2021
Unknown Applicant
R.SUBRAMANIAN
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
