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TMI Blog2018 (8) TMI 1913X X X X Extracts X X X X X X X X Extracts X X X X ..... le Committee has decided the fair market value of land, building, plant and machineries, which is as under: Particulars Upset Price EMD fair market value of land, building, plant and machineries (in absolute scrap condition) 490,00,000/- 49,00,000 5. Considering the aforesaid, fair market value of the land, building, plant and machineries valued by the Sale Committee is proper and appropriate and the same is fixed accordingly. 6. The Official Liquidator shall publish an advertisement for sale of the properties of the Company (in liquidation) in "Gujarat Samachar", Gujarati daily and "The Times of India", English daily, both in Ahmedabad editions. 7. Schedule Programme for sale of the assets and properties of the Company (in li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... olony, GIDC, AnkleshwarGujarat-393002 HDFC Bank, GIDC, Ankleshwar oo1915 49,00,000/- 2 M/s.Omkar Organisers Pvt. Ltd, SF-12, 2nd Floor, Ravikiran Complex, GIDC, Ankleshwar-393002. Oriental Bank of Commerce, Ravikiran Complex, GIDC, Ankleshwar o96243 49,00,000/- 3 M/s. Mukund Machine Pvt. Ltd. C/o. Aalidhara Textiles Engineers Ltd, 2, Functinate Estate Road No.6, Udhyognagar, Udhana, Surat. Bank of Baroda, Udhana, Surat 234877 to 234882 49,00,000/- 4 M/s. Raj Enterprise, 16, G F. Ravi Arcade, Dudheshwar Road, Shahibaug, Ahmedabad. Indusind Bank, Shahibaug, Ahmedabad. 356867 49,00.000/- 5 M/s. Recycling Solutions Pvt. Ltd, 223, GIDC, Panoli, Bharuch-394115. IDBI B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rounds of auction, bid given by M/s. Recycling Solution Pvt. Ltd., situated at 223, GIDC, Panoli, Bharuch, is highest being Rs. 8.37 Crores (Rupees Eight Crore and Thirty Seven Lacs). 9. Mr. Jeet J. Bhatt, learned counsel for the Official Liquidator upon instructions received from Mr. M. K. Sahu, Official Liquidator, who is personally present in the Court, submitted that bid given by M/s. Recycling Solutions Pvt. Ltd. is proper and adequate as far as the immovable properties of the Company (in liquidation) being Lot No.I as advertised. 10. Mr. Trivedi, learned counsel for legal heirs of Secured Creditor initially raised objection about the auction, but thereafter, withdrew the said objection. 11. Considering the highest offer from M/s. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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