2017 (7) TMI 111

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.... of not taking over the possession of immovable property and assets of the company (In Prov. Liqn.) by the Official Liquidator as reported in para3 herein above. b. That, this Hon'ble Court may be pleased to constitute sale committee under the chairmanship of the Official Liquidator with Assistant Official Liquidator and Secured Creditors as members of the sale committee for disposal of the assets and properties of the said company as reported in para7 herein above." 3. The following facts emerge from the record of this application   4. The Company named M/s. Cubit Tech Pvt. Ltd. was ordered to be wound up by an order dated 30.03.2016 passed by this Court in Company Peititon No.313/15, whereby the Official Liquidator....

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....tment letter and Title Search Certificate. As against this, the Assistant Manager of the respondent no.1 informed the Official Liquidator that as a secured creditor, the said financial institution has symbolic possession of the premises in question and is in process of getting physical possession. The Asst. Manager of the respondent no.1 also furnished a copy of the Mortgage deed dated 08.05.2013 and so also the order dated 10.03.2016 passed by the Chief Metropolitan Magistrate under section 14 of the SARFAESI Act. The Official Liquidator further submitted that on inventory being carried out, it revealed that the said property consist of five rooms, wherein number of mobile products and other minor electronic items and other movable items w....