Various Companies (In Liquidation) v. Na

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION OFFICIAL LIQUIDATOR REPORT NO. 69 OF 2025 Various Companies (in Liquidation)

...Petitioner

Versus

Na

...Respondent

----- Mr. Ranjeev Carvalho, Mr. Satyajit Roul, for OL. ----- CORAM : ARIF S. DOCTOR, J.

th SEPTEMBER, 2025.

DATE : 26 P.C:

1.

At the outset, Mr. Carvalho points out that pursuant to the last order passed, the prayer clause (a) of the Official Liquidator's Report has been amended. He thus submits that the original prayer clause (b) be deleted. 2.

Mr. Carvalho then took me through the Official Liquidator's Report and pointed out that the Official Liquidator after being appointed, took charge of two godowns of the company (in liquidation) located in Vasai on rd April 2025 and thereafter visited the said godowns on 24 th April 2025.

He has pointed out the steps taken by the Official Liquidator and has pointed out that the office of the Official Liquidator has since made an inventory of the various articles lying in the said godowns. 3.

It is in this backdrop of facts that he now seeks the appointment of a valuer from the panel of the Official Liquidator to make an inventory and value the movable/scrap material which is lying in the said godowns. 4.

Having heard Mr. Carvalho and also having noted the previous orders

2/3 passed, in my view, it would be essential and in the interest of justice and to facilitate the process of liquidation to appoint a valuer as prayed for, who shall then undertake the exercise of conducting an inventory as also the valuation of the movable/scrap which is lying in the said godowns. Hence, the Official Liquidator's Report is allowed in terms of prayer clause (a) which read thus.

"a) In view of para (9), whether, this Hon,ble court may permit the Official Liquidator to appoint a valuer from panel of official Liquidator, to make inventory and valuation of the movables / scrap which is in unusable /irreparable condition and also to pay the fees of valuer subject to deduction of TDS at the prevailing rate from the common pool fund salary account subject to reimbursement of same proportionally from the fund recovered in future."

5.

It is clarified that the valuer shall undertake the exercise of making an inventory as also the exercise of valuation of the movable/scrap material which is lying at the following two godowns. The details of which are as follows:

(i) Office No.102, Ground Floor, City Business Point, City Industrial Estate, W. E. Highway, Vasai (East), District-Palghar. nd Floor, Plot No. R-591 & R-591 Part, T.T.C. (ii) Industrial Area, Rabale, Navi Mumbai, MH-400701. 6.

The Official Liquidator Report is disposed of. 7.

The Interim Application, having served its purpose, is accordingly disposed of.

3/3 [ARIF S. DOCTOR, J.]