SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2012 Supreme(Mad) 3795

P.JYOTHIMANI, P.DEVADASS
Mettur Textiles Mill Quarters Residents Welfare Society, rep. by its President Jothi Vallal – Appellant
Versus
Official Liquidator High Court – Respondent


Advocates Appeared:
For the Appellant: P.H. Aravind Pandian, Senior Counsel.
For the Respondents:R1 - B. Dhanaraj, R2 - E. Om Prakash for R. Abdul Mubeen, R3 -M.R. Jothimanian, Advocates.

Judgment :-

P.JYOTHIMANI,J.

1. These appeals are directed against the order of the learned Single Judge in dismissing the applications filed by the appellant, to wit Mettur Textiles Mill Quarters Residents Welfare Society, on the ground that the appellant/society has been whiling away its time from 2009 when an advertisement was issued for sale of properties of the company under liquidation relating to Item No.7 comprising of 33.03 Acres of land and has approached the Court belatedly when the sale was confirmed by the Company Court in favour of the second respondent, being the highest bidder, for a sale consideration of Rs.12,50,00,000/-.

2.1. Succinctly put, the facts leading to the filing of these appeals are that the Mettur Textiles Industries Limited, which has been wound up, was taken over by the Official Liquidator and sale has been effected in respect of various lots of properties and adjudication in respect of the claims of the workmen and other creditors is being done by the Official Liquidator. These appeals relate to one of the properties which is listed as Item No.7, which is land to the extent of 33.03 Acres situated in Mettur Dam, Salem District. It is seen that from t



















Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top