1951 Supreme(Mad) 182
VENKATARAMA AYYAR, P.V.RAJAMANNAR
A. Subbaraya Mudaliar – Appellant
Versus
K. Sundararajan (Joint Receiver) – Respondent
Advocates:
A. Seshachariar and A. Srinivasan for Appellant.
K.S. Sundararajan, G. Ramakrishna Aiyar, M.P. Subramaniam and T.R. Sangameswaran for Respondents.
Rajamannar, C.J.-Pending a suit on the original side of this Court relating to the estate of one C. Balasundara Mudaliar, deceased, it was found that the only way of raising funds necessary for the discharge of pressing claims on the estate was the sale of one of the items of the estate. There was a suggestion that one of the properties, a printing press, called the B.N. Press might be sold as a going concern. On nth December, 1950, Rajagopalan, J., made an order giving liberty to the parties to the suit to obtain offers for the purchase of the press as a going concern so that the Court might be in a position to decide whether the press should be sold at a public sale or at a sale confined to the parties. Apparently no satisfactory offers were obtained and on 8th January, 1951, the learned Judge decided that the press should be sold as a going concern by the joint receiver, at a public sale. The parties to the suit were given liberty to bid at the sale on the same terms as the other bidders. The sale was to be effected after wide publicity. In pursuance of this order, the joint receiver, an advocate of this Court, after giving such publicity as he thought was proper conducted the s
Click Here to Read the rest of this document