Official Liquidator Of Elder Pharmaceuticals Ltd. (In Liquidation) v. Puspasen C. Jhaveri. (Petitioner)

63. OLR 85-24 in CP 488-15.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION OFFICIAL LIQUIDATOR'S REPORT NO. 85 OF 2024 IN COMPANY PETITION NO. 488 OF 2015 In the matter of Elder Pharmaceuticals Ltd. (In Liquidation) Puspasen C. Jhaveri

...Petitioner

Ms. Akanksha Agarwal for Official Liquidator. Mr. Chandan Kumar, Official Liquidator.

CORAM

:

ABHAY AHUJA, J.

DATE :

11th JULY, 2024 P.C. :

1.

This Official Liquidator's Report seeks forfeiture of earnest money deposited by the highest bidder who failed to complete the sale to the logical conclusion.

2.

Ms. Agarwal, learned Counsel appears for the Official Liquidator submits that the highest bidder being noticee no.1 has been served on 8th July, 2024.

Nikita Gadgil 1/2

63. OLR 85-24 in CP 488-15.doc 3.

Considering that the prayer is for forfeiture of an amount deposited by the highest bidder, who has only been notified on 8th July, 2024, list on 8th August, 2024, to give an opportunity to the said highest bidder to file his say, if necessary. (ABHAY AHUJA, J.) Digitally signed by NIKITA YOGESH GADGIL Date:

2024.07.12 14:46:06 +0530 NIKITA YOGESH GADGIL Nikita Gadgil 2/2