Telangana High Court
COMPA/1810/2015 of Asset Reconstruction Company (India) Limited, Vs M/s. PEC Electrical Private Limited (In Liquidation) on 31 December 2015
CHALLA KODANDA RAM COMPANY APPLICATION No.1810 OF 2015 IN COMPANY PETITION No.57 OF 2012 ORDER: This is an application filed under Rule 9 of the Companies (Court) Rules, 1959 to take on record the Valuation Report dated 15.10.2015 in respect of the assets of the respondent Company so as to
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Conclusion
HON’BLE SRI JUSTICE CHALLA KODANDA RAMCOMPANY APPLICATION No.1810 OF 2015INCOMPANY PETITION No.57 OF 2012
ORDER:
This is an application filed under Rule 9 of the Companies(Court) Rules, 1959 to take on record the Valuation Report dated15.10.2015 in respect of the assets of the respondent Company soas to enable the applicant to finalize the sale notice, terms andconditions of sale etc., Official Liquidator placed on record his report. It is stated inthe report that the Hon’ble Court may be pleased to take thisReport on record.
Perused the Valuation Report submitted by Mr. S.Joglekar,Principal Valuer, copy of which finds place at page Nos.27 & 44 ofthe material papers. The Valuer has estimated the value of thePlot Nos.3B, 1A and 1B, situated in Survey No.386 of IndustrialEstate, Kukutpally village & Municipal, Prashant Nagar, RangaReddy District, Hyderabad at Rs.5,79,53,000/-(i.e.,Rs.2,66,25,000/-+ Rs.3,13,28,000/-) after making inspectionof the said plots. In that view of the matter, the valuation Reportsubmitted by Mr. S. Joglekar, is taken on record.
Accordingly, the Company Application is ordered.
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CHALLA KODANDA RAM, J