Bombay High CourtOLR/270/2017

The Official Liquidator High Court Bombay v. Alpic Frinance Ltd.

2017-11-08Hon'Ble Shri Justice K.R. Shriram1 pages

OLR270.17-11

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION OFFICIAL LIQUIDATOR REPORT NO.270 OF 2017/LIQN.III IN COMPANY PETITION NO.853 OF 2000 In the matter of Companies Act, I of And In the matter of M/s. Alpic Finance Ltd. (In Liqn.) ---- S.I.D.B.I )....Petitioner ---- Mr.Vinod Sharma, OL present.

Mr.Mahendhar Aithe-Company Prosecutor for OL present. Mr.Shirin Sheikh i/by Raval Shah & Co. for Cosmos Bank-Secured creditor.

---- CORAM : K.R.SHRIRAM,J DATE : 8.11.2017 P.C.:- Official Liquidator seeks leave to withdraw the report with liberty to file fresh report. According to Official Liquidator the reserve price that was fixed earlier was based on valuation report issued more than 2 years ago and due to change in circumstances in the real estate market, the valuation and realistic reserve price to be fixed afresh. Report dismissed as withdrawn with liberty as sought. (K.R.SHRIRAM,J) KJ