OFFICIAL LIQUIDATOR OF TRANSPOWER ENGINEERING LTD. (IN LIQUIDATION) vs METAL TUBES AND ROLLING MILLS (PETITIONER) — OLR/152/2026

Case under Companies Act & Rules 1956 Section 457(C). Disposed: Contested--DISPOSED OFF on 18th April 2026.

Case disposed

CNR: HCBM020115492026

Filing Number

OLR/11549/2026

Filing Date

01-Apr-2026

Registration No

OLR/152/2026

Registration Date

01-Apr-2026

Judge

Hon'ble Justice Shri Arif S. Doctor

Coram

Hon'ble Justice Shri Arif S. Doctor

Bench Type

Single

Judicial Branch

Original

Decision Date

18-Apr-2026

Nature of Disposal

Contested--DISPOSED OFF

Last updated 27-May-2026

Acts & Sections

Companies Act & Rules 1956 Section 457(C)

Petitioner(s)

  1. 1.OFFICIAL LIQUIDATOR OF TRANSPOWER ENGINEERING LTD. (IN LIQUIDATION)

Respondent(s)

  1. 1.METAL TUBES AND ROLLING MILLS (PETITIONER)

  2. 2.HARESH MEHTA AND COMPANY (ADVOCATE FOR PETITIONER)

  3. 3.OMKAR ASSETS RECONSTRUCTION PVT. LTD. (SECURED CREDITOR)

  4. 4.ASSTT. GENRAL MANAGER DENA BANK (NOW BOB), (SECURED CREDITOR)

  5. 5.DENA BANK (NOW BOB) (SECURED CREDITOR)

  6. 6.INDUSIND BANK (SECURED CREDITOR)

  7. 7.STATE BANK OF HYDERABAD (SECURED CREDITOR)

  8. 8.NAVDEEP VORA AND ASSOCIATES (ADVOCATE FOR MIDC)

  9. 9.GOLDCHIP INFRAVENTUER PVT LTD (PREVIOUS PURCHASER AS WELL APPLICANT IN IA. 571 OF

Case History

  1. Case disposedDisposed

  2. 28-Apr-2026

    Hon'ble Justice Shri Arif S. DoctorView PDF

  3. 18-Apr-2026

    Hon'ble Justice Shri Arif S. DoctorView PDF

  4. 18-Apr-2026

    Hon'ble Justice Shri Arif S. DoctorView PDF

    Case Summary: OLR/152/2026 The Bombay High Court allowed the Official Liquidator's report permitting the e-auction sale of two MIDC properties (Plots A-26/2/2 and A-26/3 in Butibori, Nagpur) belonging to Transpower Engineering Ltd. in liquidation. The court fixed the reserve price at Rs. 25.50 crores and earnest money deposit at Rs. 3.82 crores (15% of reserve price) based on a sealed valuation report, and authorized publication of sale notices and terms of sale across specified newspapers and online platforms for property disposal. This case analysis is maintained by casestatus.in based on publicly available court records.

  5. 18-Apr-2026

    High On Board (Hob)

    Hon'ble Justice Shri Arif S. Doctor

  6. 17-Apr-2026

    Hon'ble Justice Shri Arif S. DoctorView PDF

  7. 17-Apr-2026

    High On Board -

    Hon'ble Justice Shri Arif S. Doctor

  8. 10-Apr-2026

    Hon'ble Justice Shri Arif S. DoctorView PDF

  9. 10-Apr-2026

    First hearing

    Initial hearing scheduled

  10. 01-Apr-2026

    Case filed

    Registration No. OLR/152/2026

casestatus.in Summary

Case Summary: OLR/152/2026 The Bombay High Court allowed the Official Liquidator's report permitting the e-auction sale of two MIDC properties (Plots A-26/2/2 and A-26/3 in Butibori, Nagpur) belonging to Transpower Engineering Ltd. in liquidation. The court fixed the reserve price at Rs. 25.50 crores and earnest money deposit at Rs. 3.82 crores (15% of reserve price) based on a sealed valuation report, and authorized publication of sale notices and terms of sale across specified newspapers and online platforms for property disposal. This case analysis is maintained by casestatus.in based on publicly available court records.

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