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TMI Blog2010 (10) TMI 82X X X X Extracts X X X X X X X X Extracts X X X X ..... uneet Kansal for the Respondent. ORDER 1. This order shall dispose of C.P. No. 77 of 2010 filed by the Official Liquidator to seek confirmation of sale of the property of the Company (in liquidation) and C.A. No. 339 of 2010 filed by the highest bidder, i.e., M/s Itfak Traders for confirmation of sale in its favour. 2. M/s SFL Industries Limited was ordered to be wound up vide ord ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Composite Lot and 3 for Lot No. II. The Official Liquidator recommended acceptance of the bid of respondent No.6, i.e., M/s Itfaq Traders in the total sum of ₹ 3.21 crore of the two lots with the consent of the secured creditors. 4. In C.A. No. 596 of 2010 in C.P. No. 105 of 2009, one M/s S.R. Buildcon Private Limited has offered to buy the assets of the Company in the total sum of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tisements shall be published within a period of one week with stipulation that the offers can be submitted within two weeks thereafter. It shall be stipulated in the advertisement that the highest bidder, i.e., M/s Itfak Traders has offered to give a composite bid in the sum of ₹ 3.21 crores. The Official Liquidator may open the bids and produce the same for consideration of this Court. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sets of the Company in the sum of ₹ 3.45 crores. Therefore, to get the maximum price of the Company, I think that an attempt is required to be made to obtain optimum price of the assets of the company. It is the duty of the Company Court, which is to watch the interest of the secured creditors and the workmen that the maximum price is received from the assets of the Company. The Company Cour ..... X X X X Extracts X X X X X X X X Extracts X X X X
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