NATABAR DUTTA PRORPERTIES P LTD Vs. OFFICIAL LIQUIDATOR

JUDGEMENT

(1.) TWO individual offers have been received for the first property which is the land and the four-storied building at premises no.14A, Amritlal Bose Street, Sovabazar, Kolkata - 700 005. The land is about 1284 sq. ft in area and the constructed area is about 4337 sq. ft. The two offers are from Amit Kumar Dutta, an heir of one of the contributories of the company in liquidation, and Sitaram Shaw. Sitaram Shaw is also an occupant at the premises. The official liquidator insists that Sitaram Shaw is an unauthorised occupant. Amit Kumar Dutta's original offer of Rs.1 crore has been enhanced to Rs.1.10 crore in Court. Sitaram Shaw's offer of a meagre sum of Rs.8 lakh does not appear to be a serious bid.

(2.) THERE is no independent offer for the second property and none of the persons present in Court makes an offer therefor.

(3.) COURT and has enhanced the offer to Rs.70 lakh. However, such offer is well below the valuation and cannot be considered. For the fifth property put up for sale and indicated in the notice published by the official liquidator, being the land with five-storied building at 235, Maharshi Debendra Road, Kolkata - 700 007, comprising a three-cottah plot and a constructed area about 8400 sq. ft, two bids have been received. J.D. Marketing Private Limited has offered Rs.3.50 crore and Jitendra Jain has offered Rs.30 lakh. J.D. Marketing Private Limited has increased the bid in COURT to Rs.4 crore.