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OLR/95/2010 2/ 2 ORDER
IN
THE HIGH COURT OF GUJARAT AT AHMEDABAD
OFFICIAL
LIQUDATOR REPORT No. 95 of 2010
In
COMPANY
PETITION No. 156 of 2002
=============================================
O
L OF KANORIA DYE CHEM LTD (IN LIQN.) - Applicant(s)
Versus
GUJARAT
STATE FINANCIAL CORPORATION & 5 - Respondent(s)
=============================================
Appearance :
MR.HIREN
M MODI for the
Applicant.
=============================================
CORAM
:
HONOURABLE
MR.JUSTICE K.A.PUJ
Date
: 09/09/2010
ORAL
ORDER
The
Official Liquidator has filed this Report requesting this Court to
take on record sealed cover containing valuation report from GITCO by
him of different assets of the company. He has further requested the
Court to decide and fix up upset price and earnest money deposit
based on the sealed cover of GITCO containing valuation report of
three different assets as mentioned by him in his report. The sealed
cover was opened and on the basis of the valuation report furnished
by GITCO, the Official Liquidator is directed to fix up upset price
of different properties as mentioned in the report and 10% thereof
should be fixed as earnest money deposit. He is further directed to
invite fresh offers by issuing public advertisement in two
newspapers, namely Indian Express, English Edition and Divya
Bhaskar, Gujarati, both published from Ahmedabad.
3. Offers
so invited from the intending purchasers are put in sealed covers and
sealed covers should be produced before this Court and inter se
bidding will be held in the court on 8th October, 2010. He shall file
a separate report covering all necessary details and seeking further
directions from the Court in this regard. The valuation reports are
handed over to the Official Liquidator so as to enable him to take
further action in the matter.
3. With
these directions and observations, this Official Liquidator Report is
accordingly disposed of.
(K.A.PUJ,J)
***vcdarji
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