VEDICA PROCON PRIVATE LTD. Vs. BALLESHWAR GREENS PRIVATE LTD. AND ORS.
LAWS(SC)-2015-8-29
SUPREME COURT OF INDIA (FROM: GUJARAT)
Decided on August 13,2015

Vedica Procon Private Ltd. Appellant
VERSUS
Balleshwar Greens Private Ltd. And Ors. Respondents

JUDGEMENT

- (1.) Leave granted.
(2.) M/s Omex Investors Ltd. was ordered to be wound up by the Company Judge of the Gujarat High Court by an order dated 6.3.1990. The Official Liquidator attached to the Gujarat High Court was appointed as the Liquidator of the said company.
(3.) By order dated 26.3.2013, the official liquidator was directed to put the freehold land of the company admeasuring 13895 sq. mtr. to auction for sale by inviting offers from the intending purchasers in sealed covers. By the said order, the High Court also fixed an upset price at Rs.55 crores and earnest money deposit (EMD) at 10% thereof.;


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