The Official Liquidator, High Court, Madras As The Provisional Liquidator Of Maxworth Orchards v. Nil

Comp. A.No.146 of 2022 in C.P.No.57 of 1998 SENTHILKUMAR RAMAMOORTHY, J The Official Liquidator has filed a report dated 25.07.2022 setting out the status of the auction of 30 projects on 13.06.2022, 14.06.2022, 15.06.2022, 16.06.2022 and 06.07.2022. In Annexure A to the said report, the details of three projects in respect of which the entire sale consideration was received and no litigation is pending are set out. Consequently, the confirmation of sale in respect of the MAX-Poondi Project may be proceeded with.

2. In an auction sale conducted on 16.06.2022, pursuant to auction sale notice dated 07.05.2022, the properties constituting the MAX-Poondi Project of an extent of 53.435 acres were brought to sale. The highest bid of Rs.2,82,00,000/- was received from Mr.R.Arun, who was declared as the successful bidder. He was directed to pay the sale consideration, after setting off the EMD therefrom, within a period of 30 days. The Official Liquidator has confirmed that the balance consideration was received from the successful bidder on 15.07.2022. Consequently, the sale of properties constituting the MAX Poondi Project of an extent of 53.435, acres with the survey numbers and extents 1/6

specified in the annexure hereto, is confirmed in favour of Mr.R.Arun, No.54, Balakudipatti, Vallathirakottai Post, Alangudi - Taluk, Pudukottai District, Tamil Nadu-622 303, for a total sale consideration of Rs.2,82,00,000/- (Rupees Two Crore Eighty Two Lakhs only).

3. The Official Liquidator is directed to execute the sale certificate in favour of the successful bidder or his nominee within a period of three weeks from the date of receipt of a copy of this order. The Official Liquidator is also directed to hand over all available title deeds, revenue records, etc. to the purchaser. Possession, including physical possession, shall also be handed over to the purchaser within the aforementioned period. If necessary, the police and revenue official concerned are directed to provide necessary assistance for such purpose. This Company Application is disposed of on the above terms. 25.07.2022 kal 2/6

PROJECT : MAX - POONDI VILLAGE - KALAVAI SERIAL SURVE Y BALANCE GUIDELINE VALUE PROPERTY 40% ABOVE THE NO.

NO.

LAND PER ACRE VALUE PROPERTY VALUE (IN ACRES) (RUPEES) (RUPEES) (RUPEES) (A) (B) (C = A X B) (D = C + 40% of C) 158/3 0.18 60,300 84,420 158/4 0.37 1,23,950 1,73,530 158/5 0.17 56,950 79,730 158/6 0.17 56,950 79,730 158/7 0.09 30,150 42,210 158/8 0.05 16,750 23,450 158/9 0.06 20,100 28,140 0.01 3,350 4,690 162/1 162/2 162/3A 162/4A 162/8A 0.29 77,720 1,08,808 163/1 0.04 10,720 15,008 163/2 0.69 1,84,920 2,58,888 163/3 0.03 8,040 11,256 163/4 163/6 163/7 0.24 2,68,000 64,32 90,04 163/5A 0.15 40,200 56,280 163/5B 0.21 56,280 78,792 163/8 0.04 10,720 15,008 163/9B 0.16 42,880 60,032 163/10A 0.19 50,920 71,288 163/9A 163/10B 163/10C 0.45 2,68,000 1,20,60 1,68,84 164/1 164/2 0.85 2,27,800 3,18,920 165/4 0.15 50,250 70,350 165/5 0.15 50,250 70,350 3/6

165/6 0.14 46,900 65,660 165/7 165/8 165/9 0.29 97,150 1,36,010 199/3 4.67 15,64,450 21,90,230 201/1C 201/1D 8.705 23,32,940 32,66,116 201/1A 2.38 6,37,840 8,92,976 201/1E 0.29 77,720 1,08,808 201/1F 201/1G 201/1I 2.29 6,13,720 8,59,208 201/1H 0.77 2,06,360 2,88,904 201/1J 0.44 1,17,920 1,65,088 201/1B 201/2 0.32 85,760 1,20,064 3.05 8,17,400 11,44,360 203/1A 203/1B 0.02 5,360 7,504 203/1C1 203/1C2 203/1D 203/1E 0.31 83,080 1,16,312 203/1F 203/1G 203/1L 203/1N 0.285 76,380 1,06,932 203/1H 203/1I 203/1J 203/1K 203/1M 203/1O 0.145 38,860 54,404 203/2 1.16 3,10,880 4,35,232 204/2 0.49 1,31,320 1,83,848 204/3K 0.01 2,680 3,752 204/1B 204/1C 204/3L 204/3M 204/3N 0.93 2,47,900 3,47,060 4/6

204/3O 205/1F 0.06 14,740 20,636 205/1G 0.05 13,400 18,760 206/1 0.02 4,020 5,628 206/2 0.17 45,560 63,784 206/3 0.07 18,760 26,264 206/4 0.46 1,23,280 1,72,592 206/5 0.59 1,58,120 2,21,368 206/6 1.19 3,18,920 4,46,488 19.41 65,00,675 91,00,945 TOTAL 53.435 1,60,56,215 2,24,78,701 SENTHILKUMAR RAMAMOORTHY, J 5/6

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Comp. A.No.146 of 2022 in C.P.No.57 of 1998 25.07.2022 6/6