2018 (1) TMI 652

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... September 2017 of M/s.Pranav Parikh & Associates, Govt. approved valuer as mentioned in para-6 of this report, or such other upset price and EMD, as may be considered appropriate by this Hon'ble Court. b. This Hon'ble Court may also be pleased to direct the Official Liquidator to issue advertisement in newspapers namely "Gujarat Samachar" in all editions of State of Gujarat in Gujarati script and "Times of India" in Ahmedabad edition in English script for inviting offers for sale of land of the company in liquidation situated at Vatva and Dehgam. c. This Hon'ble Court may also be pleased to permit the Official Liquidator to make payment on receipt of advertisement bill from concerned agency from the fund available in the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....as well as the worker's union on perusing the valuation report opined that considering the shape and construction involved in the property, the valuation shown appeared to be on higher side and since last two efforts for the sale of the property of the company in liquidation remained unsuccessful, it was unanimously decided that a reference be made to the valuer for its comments. The valuer was then requested to visit at site and take physical survey of the company premises and neighbourhood premises to consider all vital aspects after doing market survey to make supplementary report to the office of the Official Liquidator. It was, thereafter, the valuer submitted its valuation report before the sale committee. The valuation of the propert....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....i daily and another in English daily and suggested the sale programme for sale of the assets and properties of the company in liquidation. Since the dates given in the schedule programme for sale have passed, the learned advocate Mr.Acharya has suggested the following schedule of the programme for sale of the assets and properties of the company. Sr.No Particulars Dates 1 Date of Advertisement 29-01-2018 2 Date of issue of Tender Forms 05/02/18 3 Date of Inspection of property 12-02-2018 between 11.30 a.m. to 4.30 p.m. 4 Last date of receipt of offer in the office of the Official Liquidator 19-02-2018 upto 4.30 p.m. 5 Opening of offer and auction / inter se bidding in the Hon'ble High Court....