Authority: High Court of Judicature at Madras
Order Date: 09-09-2026
Case Overview
- Parties: Applicant – M/s PNA Projects (partnership firm) represented by Managing Partner Mr. A. Vijaykrishnan; Respondents – The Official Liquidator of M/s Maxworth Orchards (India) Ltd. (Provisional Liquidator) and Ms. D. Nagasaila, Administrator of Maxworth Orchards (India) Ltd.
- Applications: C.A. No.226/2026 seeking a three‑month extension to pay the balance sale consideration of Rs 5,09,36,984 for the MAX‑VADAMANAPAKKAM, Kanchipuram Hub project; C.A. No.227/2026 seeking permission to conduct a detailed land survey in the presence of an Official Liquidator/Administrator.
- Background: The applicant was the highest bidder for the land, submitting a bid of Rs 6,35,76,000. A payment of Rs 1,00,00,000 was made via Demand Draft No. 396436 dated 24.08.2026, handed to the Official Liquidator in Court. The remaining balance is Rs 5,09,36,984.
Observations & Reasoning
- The sale was conducted on an “as is where is” basis with explicit disclaimer of warranties for patent and latent defects. All bidders were allowed physical inspection of the site and review of documents prior to bidding.
- The Court held that a request for a detailed survey at this stage cannot be entertained, as the applicant had the opportunity to inspect before bidding and may conduct a survey only after full payment and receipt of a sale certificate.
- Regarding the extension of time, the Court noted the receipt of the Rs 1 crore payment and directed that the balance be paid in two equal installments: the first installment on or before 31 Oct 2026 and the final installment on or before 31 Dec 2026.
Final Outcome
- Both applications (C.A. Nos. 226 & 227 of 2026) are disposed of.
- The applicant must pay the remaining Rs 5,09,36,984 in the stipulated installments and is not granted permission for a further detailed survey.
Topics: Land Sale, Insolvency