The High Court directed the Official Liquidator to inspect movable assets in the appellant's custody and cooperate in their sale after inspection, disposing of the application.
Direction to inspect movable assets; direction to cooperate for infiltration; Liquidator to file report for sale thereafter.
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Comp.A.No.467 of 2024
IN THE HIGH COURT OF JUDICATUE AT MADRAS
DATED: 06.12.2024
CORAM
THE HONOURABLE MR. JUSTICE ABDUL QUDDHOSE
Comp.A.No.467 of 2024 in C.P.No.255 of 2014
M/s. HCL Technologies Ltd (Formerly known as M/s.Geometric Ltd) Having its registered office at Plant 11, 3rd Floor,Pirojsha Nagar,Vikhroli (west) Mumbai-400079.
Appellant
Versus
The Official Liquidator High court,Madras,
Liquidator of M/s.First Leasing Company of India Limited (In Liquidation),Corporate Bhawan, Chennai.
Respondent
Prayer:
To Direct the respondent to take possession of assets of M/s.First Leasing Company of India Ltd, morefully described in the schedule hereunder within a period of two weeks and on failure of respondent to take possession of assets of M/s.First Leasing Company of India Ltd,permit the applicant herein to sell the assets of M/s.First Leasing Company of India Ltd.
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Comp.A.No.467 of 2024
ORDER
This application has been filed to direct the Official Liquidator to
take possession of assets morefully described in the prayer to this application.
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Comp.A.No.467 of 2024
directions from this Court for the sale of those assets. A report has also been filed by the Official Liquidator as a counter to this application. In that report as well, the Official Liquidator has stated that movable assets have to be inspected and only thereafter, sale can take place.
06.12.2024
rkm
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Comp.A.No.467 of 2024
ABDUL QUDDHOSE,J.
rkm
Comp.A.No.467 of 2024
in C.P.No.255 of 2014
06.12.2024
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1 issue framed by the court
Whether the Official Liquidator should be directed to inspect movable assets before seeking permission for their sale.
M/s. HCL Technologies Ltd (Formerly known as M/s.Geometric Ltd)
The Official Liquidator High court,Madras
Abdul Qudhose
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
