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

Comp. A.No.162 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 MAX-Sivaganga Project may be proceeded with.

2. In an auction sale conducted on 14.06.2022, pursuant to auction sale notice dated 07.05.2022, the properties constituting the MAX-Sivaganga Project of an extent of 37.10 acres were brought to sale. The highest bid of Rs.1,20,00,000/- was received from Mr.M.Subramaniyane & S.Ilango who were declared as the successful bidders. They were 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 bidders on 13.07.2022. Consequently, the sale of properties constituting the MAX Sivaganga Project of an extent 37.10 acres with 1/5

the Survey Nos and extents specified in the annexure hereto, is confirmed in favour of Mr.M.Subramaniyane and S.Ilango, No.6, III Cross, Pari Nagar, Pakkamudayan Post, Pondicherry-605 008, for a total sale consideration of Rs.1,20,00,000/- (Rupees One Crore Twenty Lakhs only).

3. The Official Liquidator is directed to execute the sale certificate in favour of the successful bidders or their nominees 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 2/5

PROJECT : MAX - SIVAGANGA VILLAGE - CHEMBANUR 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) 281/1 0.54 16,75 9,045 18,090 281/3 290/4 3.74 16,7 62,6 1,25,2 286/1 0.01 16,750 286/2 2.23 16,750 37,353 74,705 287/1 0.075 16,750 1,256 2,513 287/2 0.145 16,750 2,429 4,858 288/1 0.253 16,750 4,238 8,476 288/2 0.24 16,750 4,020 8,040 289/1 0.24 16,750 4,020 8,040 289/2 0.93 16,750 15,578 31,155 290/9 0.117 16,750 1,960 3,920 290/10 0.043 16,750 1,441 290/11 0.10 16,750 1,675 3,350 291/1 1.48 16,750 24,790 49,580 291/2 0.26 16,750 4,355 8,710 4.41 16,750 73,8 1,47,7 0.24 16,750 4,020 8,040 301/1 3.489 16,750 58,441 1,16,882 301/2 306/3 307/1 307/2 9.413 16,750 1,57,668 3,15,336 2.025 16,750 33,919 67,838 310/1 1.185 16,750 19,849 39,698 3/5

310/2 0.43 16,750 7,203 14,405 0.55 16,750 9,213 18,425 0.62 40,200 24,924 49,848 1.297 46,900 60,829 1,21,659 1.228 16,750 20,569 41,138 1.81 46,900 84,889 1,69,778 TOTAL 37.10 7,29,640 14,59,280 SENTHILKUMAR RAMAMOORTHY, J 4/5

kal Comp. A.No.162 of 2022 in C.P.No.57 of 1998 25.07.2022 5/5