The Official Assignee v. a.Lakshmanan
Case brief
What is this about?
Application filed by the Official Assignee seeking approval for the sale of an insolvent's business premises articles. The Court approved the highest offer received from M/s. Sivanya Traders for Rs. 8,00,000 and directed expeditious completion of the sale process.
What did the court decide?
Approval of highest offer for sale of articles at Rs. 8,00,000/ in favour of M/s. Sivanya Traders.