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2015 (4) TMI 1298 - HC - Companies LawSale of property - what is essentially urged is the property to be sold to the applicant on applicants ready and willing to purchase the same at the price mentioned thereunder - HELD THAT:- The grounds for such a prayer are that despite repeated attempts, the property is not being sold and even the value of the property offered which is commensurate with the existing Jantri rate, Court be appropriate for granting relief prayed in this application. This Court is of the considered view that the order of such nature would ordinarily be not rejected straightway, as there cannot be any objection to treat such offer to be an offer, which would give fair and appropriate valuation for seeking further valuation and setting up appropriate upset price based whereupon the bids can be invited from the open market and in such an eventuality, it is always open for the applicant to put forward its offer. Therefore, at this stage, while rejecting this application, Court is inclined to issue following direction to the official liquidator. Application disposed off.
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