Allowed
The Official Liquidator v. nil
Madras HCCOMP.A/164/2025
Case brief
AI extract
What is this about?
Application by the Official Liquidator and Administrator in a company in provisional liquidation to fix a reserve price for sale of the Maxworth Vedanthangal project. Based on the ITCOT valuation report, the court fixed reserve price at the guideline value of Rs.527.46 lakhs and permitted filing of an e-auction application.
What did the court decide?
Reserve price fixed at Rs.527.46 lakhs; permission granted to file separate application for e-auction.