The Official Liquidator High Court Bombay v. Sonal Garments (India) Pvt. Ltd.

Dixit

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION OFFICIAL LIQUIDATOR'S REPORT NO.74 OF 2017 IN COMPANY PETITION NO.9 OF 2010 AND COMPANY PETITION NO.40 OF 2010 In the matter of the Companies Act, I of 1956;

And In the matter of M/s. Sonal Garments (India) Private Ltd. (In Liquidation) Yes Bank Ltd.

...

Petitioner And M/s. Addon Export House Ltd.

...

Petitioner Mr. Vinod Sharma, O.L., is present.

Ms. Yogini D. Chauhan, Dy. O.L., is present.

Mr. M.G. Agre, i/by Mr. G.B. Kedia, for the ex-Directors. Mr. R.L. Motwani for the Standard Chartered Bank. CORAM : A.S. GADKARI, J.

DATE : 14TH JULY, 2017.

P.C. :

1.

Official Liquidator's Report is allowed in terms of prayer clauses (a), (c), (d), (e) and (f).

OLR-74-17.doc

2.

As far as prayer clause (b) is concerned, the reserve price of the property in question is retained @ Rs.4,00,00,000/- [Rupees Four Crores only] with 25% EMD.

[A.S. GADKARI, J.] OLR-74-17.doc