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2026 DAILYLAW 45819 (MAD)

The Official Liquidator, v. S.Sivakumar,

COMP.A/147/2026 · 2026-07-03

K Kumaresh Babu

Transfer Petitionbody2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

COMP.A No. 147 of 2026 __________ Page1 of 4 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 03-07-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU COMP.A No. 147 of 2026 in CP NO. 54 of 2015 The Official Liquidator, High Court of Madras as Provisional Liquidator of M/s.Achievers Agri India (P) Ltd, (In Provisional Liquidation) No.29, Rajaji Salai, Corporate Bhawan, 2nd Floor, Chennai - 600001. ..Applicant Vs 1. S.Sivakumar, (Ex-Director) Achievers Agri India Pvi.Ltd., S/o.Sengaraj, N.UChanapally (Village), Naganoor Post, Denkanikottai (TK) Krishnagiri (Dt)-635 107. 2. Sengaraj, N.Uchanapalli Village, Naganoor Post, Denkanikottai Taluk, Krishnagiri (Dt) 635107. ..Respondents Company Application filed under Sections 457, 460(4) of the Companies Act, 1956 read with Rules 9,11(b) and 276 of Companies (Court) Rule, 1959, for the following reliefs: a) To take this report on record; b) To direct the Respondent No.2 to file an affidavit regarding No Objection for proceeding with sale of Achievers Academy Matriculation Higher Secondary School at Hosur. c) To permit the Official Liquidator to engage the services of Income Tax approved Panel valuers (or) M/s.ITCOT or any other registered valuers to value the movable and immovable assets of Achievers Academy Matriculation Higher Secondary School at Survey No.914/1, 914/1A and 915/3, Rayakotta Road, Via https://www.mhc.tn.gov.in/judis COMP.A No. 147 of 2026 __________ Page2 of 4 Gokul Nagar, Hosur, Krishnagiri District 635109. d) To permit the Official Liquidator to meet the expenses in connection with the valuation of said asset from the funds of the company in Provisional Liquidation. e) to Meet the cost of this application from the funds of the company in liquidation. For Applicant : Ms.B.Ambili, Deputy Official Liquidator ORDER This Company Application has been filed seeking for the following reliefs:- a) To take this report on record; b) To direct the Respondent No.2 to file an affidavit regarding No Objection for proceeding with sale of Achievers Academy Matriculation Higher Secondary School at Hosur. c) To permit the Official Liquidator to engage the services of Income Tax approved Panel valuers (or) M/s.ITCOT or any other registered valuers to value the movable and immovable assets of Achievers Academy Matriculation Higher Secondary School at Survey No.914/1, 914/1A and 915/3, Rayakotta Road, Via Gokul Nagar, Hosur, Krishnagiri District 635109. d) To permit the Official Liquidator to meet the expenses in connection with the valuation of said asset from the funds of the company in Provisional Liquidation. e) to Meet the cost of this application from the funds of the company in liquidation. https://www.mhc.tn.gov.in/judis COMP.A No. 147 of 2026 __________ Page3 of 4 2. Heard Ms.B.Ambili, learned Deputy Official Liquidator. 3. I have perused the contents of the Report filed by the Official Liquidator upon which the application had been made before this Court and having been satisfied with the reasons stated therein, I am inclined to allow this application as prayed for. 4. In fine, this Application is ordered as prayed for. 03-07-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No mp https://www.mhc.tn.gov.in/judis COMP.A No. 147 of 2026 __________ Page4 of 4 K.KUMARESH BABU J. mp COMP.A No. 147 of 2026 in CP NO. 54 of 2015 03-07-2026 https://www.mhc.tn.gov.in/judis