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2015 (12) TMI 1804 - HC - Companies LawOffer of Bid - HELD THAT - The Official Liquidator will continue the advertisements on his website and invite offers for sale of the properties. The bid of the sole offerer is rejected - Let this matter appear six weeks hence.
The High Court of Calcutta rejected a bid of Rs. 1.38 crore by S. P. Enterprises for properties of a company in liquidation as it was inadequate. The valuer's report will be resealed and returned, and the Official Liquidator will continue to invite offers for sale. Creditors are also invited to submit claims. Case to appear in six weeks.
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