Allowed¶16
The Official Liquidator v. nil
Madras HCCOMP.A/166/2025
Case brief
AI extract
What is this about?
Maxworth Orchards (India) Limited; provisional liquidation; Official Liquidator, High Court of Madras; Administrator D. Nagasaila; reserve price fixation; ITCOT Limited valuation report June 2025; Maxworth Thippasandiram project; fair market value Rs. 28.35 lakhs; distress sale value Rs. 22.68 lakhs; guideline value Rs. 5.26 lakhs; e-auction; Comp.A. No. 166 of 2025; C.P. No. 57 of 1998; Madras High Court; Senthilkumar Ramamoorthy, J.; 08.08.2025.
What did the court decide?
Application allowed; reserve price fixed at Rs.22.68 lakhs (distress sale value); Official Liquidator permitted to file a separate application for e-auction on that basis. ¶16