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2025 DAILYLAW 7261 (GUJ)

OFFICIAL LIQUIDATOR OF M/S ARYODAYA GINNING AND MANUFACTURING MILLS LTD (IN LIQN) v. NA

OLR/67/2025 · 2025-11-21

Mauna M Bhatt

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

C/OLR/67/2025 ORDER DATED: 21/11/2025 IN THE HIGH COURT OF GUJARAT AT AHMEDABAD R/OFFICIAL LIQUDATOR REPORT NO. 67 of 2025 In R/OFFICIAL LIQUDATOR REPORT NO. 39 of 2025 ========================================================== OFFICIAL LIQUIDATOR OF M/S ARYODAYA GINNING AND MANUFACTURING MILLS LTD (IN LIQN) Versus NA ========================================================== Appearance: SHIVANG A THACKER(7424) for the Applicant(s) No. 1 ========================================================== CORAM:HONOURABLE MRS. JUSTICE MAUNA M. BHATT Date : 21/11/2025 ORAL ORDER 1. Heard Mr. Shivang Thakkar, Learned Advocate appearing for the applicant- Official Liquidator. 2. The present report is filed seeking following orders in paragraph no. 4 , thereof : (A) This Hon’ble Court may be pleased to take on record that pursuant to the advertisement issued in the newspapers on 01.08.2025, the Official Liquidator has not received any offer/tender from the intending purchasers/parties. (B) This Hon’ble Court may permit the Official Liquidator to convene sale committee meeting to decide further course of action for sale of assets and properties of the aforesaid Company in liquidation. (C) This Hon’ble Court may be pleased to permit the Official Liquidator to make the payment of Bill No. 8/2025-26 dated 01.08.2025 of Rs.2,40,017/- M/s. Global Network Advertising, Advertising Agency from account of the said Company with the Official Liquidator. (D) Such other and further orders and directions as may be considered just and appropriate may also be passed. C/OLR/67/2025 ORDER DATED: 21/11/2025 3. It is informed by the Ld. Advocate, Shri Shivang Thakkar appearing for Official Liquidator that this Court vide order dated 15.07.2025 passed in OLR No. 39 of 2025 fixed up the schedule programme to sell the leasehold rights of the property of the Company (In Liquidation) situated at F.P. No. 112 & 117, TPS No. 8, Mouje Dariapur Kazipur, Asarwa, Ahmedabad. 4. It is stated in the report that accordingly, the Advertisement was published by the Official Liquidator on 01.08.2025 in newspapers. Pursuant to the advertisement published in the newspapers, no offers/tenders are received upto the last date i.e. 29.08.2025 as notified in the advertisement. 5. In view of the facts mentioned above, the Official Liquidator is permitted to pay the advertisement Bill No. 8/2025-26 dated 01.08.2025 of Rs.2,40,017/- of Advertisement Agency, M/s Global Network Advertising from the account of the said Company with Official Liquidator. 6. Further, the Official Liquidator is directed to convene sale committee meeting to decide further course of action for sale of assets and properties of the aforesaid Company in liquidation situated at F.P. No. 112 & 117, TPS No. 8, Mouje Dariapur Kazipur, Asarwa, Ahmedabad. 7. In view of the above, present report is accepted in terms of prayer in para-4(A) to (C) of this report. 8. With the aforesaid observations and directions, this report is disposed of accordingly. (MAUNA M. BHATT,J) DIPTI PATEL Original copy of this order has been signed by the Hon'ble Judge. Digitally signed by: DIPTIBEN PIYUSH PATEL(HC00191), PRINCIPAL PRIVATE SECRETARY, at High Court of Gujarat on 21/11/2025 15:09:27