WRITERS AND PUBLISHER PVT LTD Vs. A K MISHRA, OFFICIAL LIQUIDATOR THE COOPERATIVE STORES LTD SUPER BAZAR

JUDGEMENT

(1.) The revival of Super Bazar was being monitored by this Court over several years. By an order dated 7 May 2008, this Court noted that three bidders were identified by the Evaluation Committee; among them being M/s Writers and Publisher Pvt Ltd (WPL). This Court recorded that all the Unions representing the workmen had agreed that the dues of the workers as on 31 December 2007 were Rs. 54.31 crores.

(2.) By an order dated 26 February 2009, this Court accepted the report of the Evaluation Committee which had recommended acceptance of the offer made by WPL. Accordingly, the Official Liquidator (OL) and the Central Registrar, Multi State Cooperative Societies were directed to take steps to revive Super Bazar. In a further order dated 13 August 2010, this Court observed thus :

(3.) Subsequently, in September 2015, an IA was filed on behalf of the Union of India stating that neither WPL nor the management of Super Bazar had submitted a revival plan before the Central Registrar of Cooperative Societies.