OD-2 & 3 ORDER SHEET IN THE HIGH COURT AT CALCUTTA ORIGINAL JURISDICTION ORIGINAL SIDE IA NO: CA/15/2025 In CP/271/2012 IN THE MATTER OF:

PLG POWER LTD AND MNE COMPONENTS INDIA PRIVATE LIMITED VS THE OFFICIAL LIQUIDATOR AND ANR.

WITH IA NO: CA/14/2024 IN CP/271/2012 IN THE MATTER OF:

PLG POWER LTD VS OTO AUTOMATION S.R.I.

BEFORE:

The Hon’ble JUSTICE KRISHNA RAO Date: September 24, 2025.

Appearance:

Mr. Sakya Sen, Sr. Adv.

Mr. Debrup Bhattacharjee, Adv.

Mr. Steven S. Biswas, Adv.

… for the MNE Components (I) Pvt. Ltd.

Mr. Mainak Bose, Sr. Adv.

Mr. Rahul Singh, Adv.

… for the Traymbkeshwar Foods Pvt. Ltd.

Mr. Pankaj Kumar Mukherjee, Adv.

… for Punjab National Bank Mr. Ranajit Chowdhury, Adv.

Mr. Purnendu Modak, Adv. … for the Official Liquidator

1. In terms of the order passed by this Court dated 10th September, 2025, the Official Liquidator has filed the report disclosing several documents.

2. Learned Counsel appearing for the Punjab National Bank submits that in terms of the order dated 10th September, 2025, the Bank has paid the remuneration of the valuer, namely, Samar Banerjee to the tune of Rs. 2,19,569/- and Mr. Samar Banerjee has also agreed that he has received the said amount.

3. Considered the report submitted by the Official Liquidator and valuation report of Mr. Samar Banerjee dated 24th April, 2015. As per the said report the total value of the asset is Rs. 12,67,03,510/- and as per the valuation report of Mr. Aloke Kumar Ganguly, the value of the asset is Rs. 5,74,31,247/-.

4. Considering both the reports, this Court finds that there are much difference between two valuation reports and as such, this Court is of the view that both the valuers shall sit together and to consider their own reports and also to visit the property in question and to file a fresh joint valuation report on 26th November, 2025.

5. Both the valuers are directed to inspect the premises in presence of the representative of the Official Liquidator as well as secured creditor.

6. The valuers are directed to inform the date of inspection to the property in question to the secured creditor as well as official liquidator in advance.

7. The Official Liquidator is given liberty to release the amount of S2 bidder, namely, Shree Karni Developers within three weeks from date.

8. The applicant is liberty to invest the amount in the fixed deposit and at the time hearing of the case and as and when requires, the applicant is liberty to place the same before the Court.

9. The Official Liquidator is directed to communicate the order to the valuers for compliance.

10. Let the matter appear on 26th November, 2025 at 2:00 pm.

(KRISHNA RAO, J.)

DB