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        <h1>High Court reduces reserve price by 25% for sale of movable goods due to valuation issues. Official Liquidator to attempt sale in separate lots.</h1> <h3>IFCI FACTORS LTD Versus KOUTONS RETAIL INDIA LTD</h3> IFCI FACTORS LTD Versus KOUTONS RETAIL INDIA LTD - TMI The High Court of Delhi noted that no bids were received due to valuation issues in the sale of movable goods. The court reduced the reserve price by 25% and directed the Official Liquidator to attempt the sale of common movable properties like garments, sewing machines, and fittings & fixtures in separate lots. The Official Liquidator will file a fresh report and consult with secured creditors for the sale. Next hearing scheduled for 04.04.2018.

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