The Official Liquidator, High Court, Madras, v. Nil

Comp. A.No.151 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 MAXChokkanenthal Project may be proceeded with.

2. In an auction sale conducted on 15.06.2022, pursuant to auction sale notice dated 07.05.2022, the properties constituting the MAX-Chokkanenthal Project of an extent of 79.72 acres were brought to sale. The highest bid of Rs.1,18,00,000/- was received from Mr.P.Karuppaiah, 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 11.07.2022. Consequently, the sale of properties 1/5

constituting the MAX Chokkanenthal Project of an extent of 79.72 acres, with the survey numbers and extents specified in the annexure hereto, is confirmed in favour of Mr.P.Karuppaiah, No.122, Kulanthiran Pattu, Kulanthiranpattu Post, Karambakudi Taluk, Pudukkottai District, Tamil Nadu-622 303, for a total sale consideration of Rs.1,18,00,000/- (Rupees One Crore Eighteen 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. 25.07.2022 kal 2/5

PROJECT : MAX - CHOKKANENTHAL VILLAGE : CHINNA ALANGULAM SERIAL SURVEY LAND FOR GUIDELINE VALUE GUIDELINE VALUE 100% ABOVE THE NO.

NO.

SALE PER ACRE OF PROPERTY PROPERTY VALUE (IN ACRES) (RUPEES) (RUPEES) (RUPEES) (A) (B) (C = A X B) (D = C + 100% of C) 1/1 1.30 20,100 26,130 52,260 1/3 3.00 20,100 60,300 1,20,600 1/4 3.00 20,100 60,300 1,20,600 10.13 20,100 2,03,613 4,07,226 4/1 5.35 80,400 4,30,140 8,60,280 5/1 4.10 80,400 3,29,640 6,59,280 5/2 3.61 80,400 2,90,244 5,80,488 5/4 4.00 80,400 3,21,600 6,43,200 Sub Total 34.49 17,21,967 34,43,934 PROJECT : MAX - CHOKKANENTHAL VILLAGE : CHITHANENTHAL GUIDELINE VALUE OF PROPERTY SERIAL SURVEY LAND FOR GUIDELINE VALUE 100% ABOVE THE NO.

NO.

SALE PER ACRE PROPERTY VALUE (IN ACRES) (RUPEES) (RUPEES) (RUPEES) (A) (B) (C = A X B) (D = C + 100% of C) 1/1 3.69 14,070 51,918 1,03,837 1/2 3.92 14,070 55,154 1,10,309 1/3 3.20 14,070 45,024 90,048 12/8 2.15 14,070 30,251 60,501 12/9 2.10 14,070 29,547 59,094 Sub Total 15.06 2,11,894 4,23,788 3/5

PROJECT : MAX - CHOKKANENTHAL VILLAGE : MUDUKKANGULAM SERIAL SURVEY LAND FOR GUIDELINE VALUE GUIDELINE VALUE 100% ABOVE THE NO.

NO.

SALE PER ACRE OF PROPERTY PROPERTY VALUE (IN ACRES) (RUPEES) (RUPEES) (RUPEES) (A) (B) (C = A X B) (D = C + 100% of C) 6.66 26,800 1,78,488 3,56,97 Sub Total 6.66 1,78,488 3,56,976 PROJECT : MAX - CHOKKANENTHAL VILLAGE : CHOKKANENTHAL SERIAL SURVEY LAND FOR GUIDELINE VALUE GUIDELINE VALUE 100% ABOVE THE NO.

NO.

SALE PER ACRE OF PROPERTY PROPERTY VALUE (IN ACRES) (RUPEES) (RUPEES) (RUPEES) (A) (B) (C = A X B) (D = C + 100% of C) 10/3B 0.42 33,500 14,070 28,140 11/3A2 1.87 33,500 62,645 1,25,290 11/3B2 3.30 33,500 1,10,550 2,21,100 12/1B 11.97 33,500 4,00,995 8,01,990 13/4B 0.88 33,500 29,480 58,960 13/5C2 0.52 33,500 17,420 34,840 15/1 2.00 40,200 80,400 1,60,800 21/2A2 2.55 33,500 85,425 1,70,850 Sub Total 23.51 8,00,985 16,01,970 TOTAL 79.72 29,13,334 58,26,668 4/5

SENTHILKUMAR RAMAMOORTHY, J kal Comp. A.No.151 of 2022 in C.P.No.57 of 1998 25.07.2022 5/5