High Court directs Official Liquidator to advertise property sales per previous order, mandates new valuation for transparency.

The High Court of Calcutta ordered the Official Liquidator to continue advertising properties for sale based on a previous order. A new valuation of the properties by a different Valuer was required, with the report to be submitted in a sealed cover in Court. This measure aimed to maintain transparency and prevent undue influence in the valuation process, ensuring fairness and accountability in property sales by the Official Liquidator.

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Issues involved: Valuation of properties for sale by the Official Liquidator.

The High Court of Calcutta, in a judgment delivered by Mr. Biswanath Somadder, J., addressed the issue of valuation of properties for sale by the Official Liquidator. The Court ordered that the Official Liquidator should continue advertising for offers for the sale of properties based on a previous order. Additionally, a fresh valuation of the properties was to be conducted by another Valuer, with the valuation report to be presented in a sealed cover in Court on the next date of hearing. The Court emphasized that all future valuation reports must be submitted in a sealed cover in Court, not in the Official Liquidator's office. This directive aimed to ensure transparency and prevent any undue influence in the valuation process. The judgment sought to maintain the integrity of the valuation process and uphold the principles of fairness and accountability in the sale of properties by the Official Liquidator.

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