Allowed¶¶16
The Official Liquidator v. nil
Madras HCCOMP.A/175/2025
Case brief
AI extract
What is this about?
Maxworth Orchards (India) Limited provisional liquidation; Official Liquidator and Administrator D.Nagasaila applicants; Comp.A.No.175 of 2025 in C.P.No.57 of 1998; Madras High Court; Senthilkumar Ramamoorthy J.; ITCOT Limited valuation report June 2025; Maxworth Marasandiram project; fair market value Rs.561.31 lakhs; distress sale value Rs.392.92 lakhs; guideline value Rs.292.27 lakhs; reserve price fixed at Rs.392.92 lakhs; e-auction application permitted; order dated 08.08.2025.
What did the court decide?
Reserve price fixed at Rs.392.92 lakhs (distress sale value) for the Maxworth Marasandiram project; Official Liquidator permitted to file a separate application for e-auction on that basis. ¶¶16