1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH, NAGPUR. OLR No. 11/2008 In the matter of M/s. sanjeevani Savings & Investment Ltd. ------------------------------------------------------------------------------------------- Office Notes, Office Memoranda of Coram appearances, Court's orders or directions Court's or Judge's Orders and Registrar's orders. CORAM : A.P. LAVANDE, J. DATED : 25/07/2008 Official Liquidator for M/s. Sanjeevani Savings & Investment Ltd., seeks permission for acceptance of offer for sale of movables of the company as well as confirmation of sale in favour of M/s. Itfak Traders, Mumbai for Rs.5,86,000/-. Initially M/s. Itfak Traders offered Rs 5,25,000/- in respect of plant, machinery and furniture of the Company. By order dated 4th April, 2008 the Official Liquidator was directed to seek revised officers. In terms of the said order, notices were issued to M/s. Itfak Traders, Mumbai and Kailash Agrawal, Nagpur and they were directed to remain in this Court. None appears on behalf of Kailash Agrawal. Revised offer given by M/s. Itfak Traders is Rs. 5,86,000/-. The Official Liquidator has submitted Valuation Report in respect of plant, machinery and furniture issued 2 by approved Valuer Shri V. N. Talithaya in a sealed cover, which is opened and the valuation report dated 4.8.2007 is taken on record and marked `X' for identification. The approved Valuer has valued the same at Rs. 4,40,000/-. Since the offer made by M/s. Itfak Traders is higher than the value mentioned by the Valuer, permission is granted to the Official Liquidator to sell plant, machinery and furniture of the Company to M/s. Itfak Traders, Mumbai, upon receipt of the amount of Rs. 5,86,000/- and subject to realization of the said amount, sale in favour of M/s. Itfak Trader, Mumbai shall stand confirmed. Liberty to Official Liquidator to file separate report in respect of immovable property of the Company. O.L.R. stands disposed of. JUDGE Ambulkar