JUDGMENT :

Petitioner is the Managing Director of a private limited company registered under the Indian Companies Act, 1956 having its office at Edayar, Ernakulam District. The petitioner had responded to a notification issued by the official liquidator, High Court of Kerala, regarding the sale of some of the assets of a company in liquidation viz., M/s.A.M.A Food Products (P) Limited in Company Petition No.11/2003. The petitioner was a successful bidder as regards Lot No.5 and the sale was confirmed in favour of the petitioner, evident from Exhibit P1 communication dated 14.6.2010 issued by the official liquidator for an amount of Rs.1,62,88,000/-(Rupees One Crore Sixty Two Lakhs and Eighty Eight thousand only) and directed the petitioner to pay the entire balance amount due.Petitioner had made the payment and consequently, the immovable and movable assets of the company in liquidation were handed over to the petitioner by the official liquidator as per Exhibit P2 proceedings dated 2.12.2010. The assets purchased and handed over consisted of land, factory building and machinery of the company in liquidation, which were used to operate a flour mill. The challenge in the writ petitio