Mr.K.B.
Trivedi, learned Senior Advocate appearing with Mr.M.S. Rao for petitioner, submitted that he is representing a Liquidator who has no personal interest in the unit, except the anxiety invested in him under the law that the property of the unit shall fetch maximum price. The learned Senior Advocate submitted that the Liquidator is ready to abide by any direction which may be issued for sale of the property, preferably under the supervision of this Court.
Mr.Bharat Jani, learned advocate appearing for respondent no.1-IDBI Ltd., submitted that the IDBI Ltd. is the leader of the Consortium. Mr.Jani requests for some time to convene a meeting of the Members of Consortium and then place their say by way of an affidavit. The latest valuation of the property available wit the Members may also be placed on record.
The matter is adjourned to 14th July 2008.
(Ravi R. Tripathi, J) Aakar