Authority: High Court of Gujarat at Ahmedabad
Order Date: 25/09/2026
Case Overview
- Parties: Official Liquidator of M/s. Gujarat Telephone Cables Ltd. (in liquidation) versus N/A.
- The Official Liquidator filed Official Liquidator Report No. 42 of 2026 seeking court orders regarding the sale of the company's assets.
- Prior Court orders dated 19/06/2026 (OLR No. 26 of 2026) had permitted the liquidator to initiate sale proceedings and to publish sale advertisements.
- In compliance, the liquidator published a sale proclamation in the Gujarati newspaper Divya Bhaskar and the English newspaper Indian Express across all Gujarat editions on 07/07/2026.
- The liquidator, appearing through Advocate Ms. Bhoomi Thakore, reported that no tender forms were sold and consequently no offer was received from any intending purchaser.
- The liquidator requested: (A) the Court to record that no offers were received; (B) permission to take further action for the sale of the company's assets, specifically the office premises located at 507‑508, 5th Floor, Harekrishna Complex, Opp. Ras Rajeshwar Flats, Pritamnagar, Ashram Road, Ahmedabad; and (C) any other appropriate orders.
Final Outcome
- The Court, presided by Hon’ble Mr. Justice Pranav Trivedi, allowed the prayers made in paragraphs (A) and (B) of the report, thereby recording that no offers were received and permitting the Official Liquidator to proceed with further action for the sale of the specified office premises.
- The report was disposed of as allowed.
Topics: Insolvency, Asset Sale, Court Order