ORAL ORDER

1. The Official Liquidator has filed the present report with following prayers: --

(a) “In view of facts stated in para (05) to (08) of this report, this Hon’ble Court may be pleased to approve the upset price and EMD as recommended by the members of the Asset Sale Committee for sale of the assets and properties of the company in liquidation or fix any other amount as upset price and EMD which this Hon’ble Court may consider fit and proper for inviting offers for sale of the assets and properties of the above-named company in liquidation, from the prospective bidders.

(b) “In view of fact stated in para (9) of this report, this Hon’ble Court may be pleased to permit the Official Liquidator to carry out e-auction of the sale of the assets and properties of the company in liquidation through M/s. RailTel Corporation of India Ltd. (c) “In view of fact stated in para (10) of this report, this Hon’ble Court may be pleased to approve the proposed sale schedule to sell the assets of the company in liquidation decided in the meeting of sale committee dated 25.07.2024

(d) In view of facts stated in para (11) & (12) of this report, the Hon’ble Court may be pleased to permit the Offici