The Official Liquidator v. Nil

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 13.06.2025

CORAM

THE HONOURABLE MR.JUSTICE SENTHILKUMAR RAMAMOORTHY Comp.A.No.90 of 2025 in C.P.No.255 of 2014 The Official Liquidator High Court,Madras as the Provisional Liquidator Of M/s.First Leasing Company Of India Ltd, No.29,Rajaji Salai,Corporate Bhavan, 2nd Floor, Chennai-600001.

... Applicant For Applicant : Ms.B.Ambili, Deputy Official Liquidator **********

ORDER

By this application, the Official Liquidator seeks permission to appoint M/s.Murray and Company as the valuer-cum-auctioneer in respect of the movable assets listed at annexures A and B of the Official Liquidator's report.

2. On perusal of the list of assets in annexure A and B, it is clear that these are movable assets that would rapidly depreciate in value. Therefore, the application is liable to be allowed. Consequently, the application is 1/2 https://www.mhc.tn.gov.in/judis

SENTHILKUMAR RAMAMOORTHY,J rna allowed in terms of reliefs claimed in prayer clause (b) to (e) of the Judge's summons.

3. The above process shall be completed within a maximum period of three months from the date of receipt of a copy of this order. 13.06.2025 (2/4) rna Comp.A.No.90 of 2025 in C.P.No.255 of 2014 2/2 https://www.mhc.tn.gov.in/judis