The Official Liquidator Of Divya Chemicals Ltd. (In Liquidation) v. Videocon Leasing And Industrial Finance Ltd. (Petitioner)

bipin prithiani 9-olr-33.24.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

DHARMENDER PRITHIANI Date: 2024.03.26 10:32:59 +0530 BIPIN DHARMENDER PRITHIANI ORDINARY ORIGINAL CIVIL JURISDICTION OFFICIAL LIQUIDATOR'S REPORT NO. 33 OF 2024 IN COMPANY PETITION NO. 215 OF 1997 In the matter of The Companies Act, I of 1956;

AND In the matter of Divya Chemicals Ltd.

(in liquidation) Videocon Leasing and Industrial Finance Ltd.

... Petitioner ****** Mr. Rushabh Sheth for Official Liquidator.

Mr. Chandan Kumar, Official Liquidator.

****** CORAM: MANISH PITALE, J.

DATE : 22nd MARCH 2024 P.C. :

.

Heard learned counsel for the official liquidator. 2.

The present Official Liquidator's Report (OLR) seeks specific directions in the context of immovable property of the company in liquidation about which information was received by the office of the official liquidator. The official liquidator seeks permission to take possession of such immovable property, to deploy security guards from a security agency from the panel

bipin prithiani 9-olr-33.24.doc maintained by the office of the official liquidator and further to appoint a panel valuer for carrying out valuation of the said immovable property.

3.

In view of the above, the OLR is allowed in terms of prayer clauses (a), (b) and (c).

4.

The learned counsel for the official liquidator clarified that although prayer clause (c) mentions movable assets also, the present OLR is only concerned with the immovable property, which is specified in the prayer clause.

MANISH PITALE, J.