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.
CNR: HCBM020115492026
Filing Number
OLR/11549/2026
Filing Date
01-04-2026
Registration No
OLR/152/2026
Registration Date
01-04-2026
Judge
HON'BLE JUSTICE SHRI ARIF S. DOCTOR
Coram
HON'BLE JUSTICE SHRI ARIF S. DOCTOR
Bench Type
Single
Judicial Branch
Original
Decision Date
18th April 2026
Nature of Disposal
Contested--DISPOSED OFF
Acts & Sections
Petitioner(s)
OFFICIAL LIQUIDATOR OF TRANSPOWER ENGINEERING LTD. (IN LIQUIDATION)
Respondent(s)
METAL TUBES AND ROLLING MILLS (PETITIONER)
HARESH MEHTA AND COMPANY (ADVOCATE FOR PETITIONER)
OMKAR ASSETS RECONSTRUCTION PVT. LTD. (SECURED CREDITOR)
ASSTT. GENRAL MANAGER DENA BANK (NOW BOB), (SECURED CREDITOR)
DENA BANK (NOW BOB) (SECURED CREDITOR)
INDUSIND BANK (SECURED CREDITOR)
STATE BANK OF HYDERABAD (SECURED CREDITOR)
NAVDEEP VORA AND ASSOCIATES (ADVOCATE FOR MIDC)
GOLDCHIP INFRAVENTUER PVT LTD (PREVIOUS PURCHASER AS WELL APPLICANT IN IA. 571 OF
Hearing History
Judge: HON'BLE JUSTICE SHRI ARIF S. DOCTOR
FOR DIRECTION
HIGH ON BOARD (HOB)
HIGH ON BOARD -
| Date | Purpose |
|---|---|
| 10-04-2026 | FOR DIRECTION |
| 18-04-2026 | HIGH ON BOARD (HOB) |
| 17-04-2026 | HIGH ON BOARD - |
Orders
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.
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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