M.a.Sithi Fathima and another v. Dr.M.a.Asheek Mohamed and 2 others
Case brief
What is this about?
Official Assignee — sale of insolvent's assets — approval of private sale refused at this stage for want of advertisement — advertisement necessary to get best offer — direction to advertise in “Malaimalar” within one week with minimum 3 weeks for bids — existing offers to be considered with fresh bids — matter posted to 28.07.2025 — proposed sale Rs.7,15,000/- to highest offeror Mr.R.Madhankumar — A.No.114 of 2025 in I.P.No.29 of 2024 — Madras High Court — Abdul Quddhose, J. — 23.06.2025.
What did the court decide?
Approval of the proposed sale for Rs.7,15,000/- was not granted; the Court directed the Official Assignee to advertise the sale within one week (minimum 3 weeks for bids, in “Malaimalar”), to consider the existing offers along with new bids, and posted the matter to 28.07.2025. ¶12