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