The Official Liquidator, Vs S.Sivakumar

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COMP.A No. 147 of 2026

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IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 03-07-2026

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CORAM

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THE HON'BLE MR.JUSTICE K.KUMARESH BABU

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COMP.A No. 147 of 2026 in CP NO. 54 of 2015

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The Official Liquidator, High Court of Madras as Provisional Liquidator of M/s.Achievers Agri India (P) Ltd, (In Provisional Liquidation) No.29, Rajaji Salai, Corporate Bhawan, 2nd Floor, Chennai - 600001.

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..Applicant

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Vs

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S.Sivakumar,

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(Ex-Director) Achievers Agri India Pvi.Ltd., S/o.Sengaraj, N.UChanapally (Village), Naganoor Post, Denkanikottai (TK) Krishnagiri (Dt)-635 107.

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Sengaraj, N.Uchanapalli Village, Naganoor Post, Denkanikottai Taluk, Krishnagiri (Dt) 635107.

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..Respondents

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Company Application filed under Sections 457, 460(4) of the Companies Act, 1956 read with Rules 9,11(b) and 276 of Companies (Court) Rule, 1959, for the following reliefs:

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a) To take this report on record;

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b) To direct the Respondent No.2 to file an affidavit regarding No Objection for proceeding with sale of Achievers Academy Matriculation Higher Secondary School at Hosur.

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c) To permit the Official Liquidator to engage the services of Income Tax approved Panel valuers (or) M/s.ITCOT or any other registered valuers to value the movable and immovable assets of Achievers Academy Matriculation Higher Secondary School at Survey No.914/1, 914/1A and 915/3, Rayakotta Road, Via

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https://www.mhc.tn.gov.in/judis

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COMP.A No. 147 of 2026

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Gokul Nagar, Hosur, Krishnagiri District 635109.

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d) To permit the Official Liquidator to meet the expenses in connection with the valuation of said asset from the funds of the company in Provisional Liquidation.

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e) to Meet the cost of this application from the funds of the company in liquidation.

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For Applicant :

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Ms.B.Ambili, Deputy Official Liquidator

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ORDER

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This Company Application has been filed seeking for the following reliefs:-

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a) To take this report on record;

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b) To direct the Respondent No.2 to file an affidavit regarding No Objection for proceeding with sale of Achievers Academy Matriculation Higher Secondary School at Hosur.

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c) To permit the Official Liquidator to engage the services of Income Tax approved Panel valuers (or) M/s.ITCOT or any other registered valuers to value the movable and immovable assets of Achievers Academy Matriculation Higher Secondary School at Survey No.914/1, 914/1A and 915/3, Rayakotta Road, Via Gokul Nagar, Hosur, Krishnagiri District 635109.

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d) To permit the Official Liquidator to meet the expenses in connection with the valuation of said asset from the funds of the company in Provisional Liquidation.

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e) to Meet the cost of this application from the funds of the company in liquidation.

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https://www.mhc.tn.gov.in/judis

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COMP.A No. 147 of 2026

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Heard Ms.B.Ambili, learned Deputy Official Liquidator.

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I have perused the contents of the Report filed by the Official

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Liquidator upon which the application had been made before this Court and having been satisfied with the reasons stated therein, I am inclined to allow this application as prayed for.

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