The Official Liquidator, v. nil
Case brief
What is this about?
Maxworth Orchards (India) Limited in provisional liquidation; Official Liquidator High Court of Madras; Administrator Mrs.D.Nagasaila; Deputy Official Liquidator Ms.B.Ambili; Comp.A.No.162 of 2025 in C.P.No.57 of 1998; High Court of Judicature at Madras; Justice Senthilkumar Ramamoorthy; fixation of upset price / reserve price; distress sale value Rs.236.59 lakhs; fair market value Rs.337.98 lakhs; guideline value Rs.195.61 lakhs; ITCOT Limited valuation report May 2025; Maxworth Tanjore project; permission to file separate e-auction application; order dated 08.08.2025.
What did the court decide?
Application allowed; upset price (reserve price) fixed at Rs.236.59 lakhs (distress sale value) for the Maxworth Tanjore project, and the Official Liquidator permitted to file a separate application for e-auction on that basis. ¶16