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Sale by Official Liquidator of The Company

This document is a sale deed transferring ownership of a company's properties from an official liquidator to a purchaser. [1] The company was ordered to be liquidated and the official liquidator was appointed to sell its properties to repay debts. [2] The properties were auctioned and the purchaser provided a deposit after submitting the highest bid. [3] The sale was then sanctioned by the court and the official liquidator executed the sale deed, transferring ownership of the properties described in the schedule to the purchaser in exchange for payment.

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TARANJIT SINGH
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371 views2 pages

Sale by Official Liquidator of The Company

This document is a sale deed transferring ownership of a company's properties from an official liquidator to a purchaser. [1] The company was ordered to be liquidated and the official liquidator was appointed to sell its properties to repay debts. [2] The properties were auctioned and the purchaser provided a deposit after submitting the highest bid. [3] The sale was then sanctioned by the court and the official liquidator executed the sale deed, transferring ownership of the properties described in the schedule to the purchaser in exchange for payment.

Uploaded by

TARANJIT SINGH
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as RTF, PDF, TXT or read online on Scribd
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SALE BY OFFICIAL LIQUIDATOR OF THE COMPANY

THIS Sale Deed made at ………..on this ………..day of ......................20………..by


Shri………..official liquidator of A B Co. Ltd., a company incorporated under the Companies Act,
1956 and having its registered office at ....................hereinafter called the Company (in
liquidation) (hereinafter called the Vendor) of the ONE PART; and Shri X, son of Y, resident
of ...................(hereinafter called the Purchaser) of the OTHER PART.
 
(1) WHEREAS the A B Co. Ltd. was ordered to be compulsorily liquidated and wound up by an
order dated ………..passed by Hon'ble Liquidation judge of the……….. High Court, and the said
Vendor was appointed as its official liquidator.
 
 AND WHEREAS the Vendor for the purpose of and in the course of he liquidation of the said
company, submitted a report dated ………..to the Hon'ble Liquidation Judge and the Hon'ble
liquidation Judge vide order dated ………..authorised the Vendor to sell the company's
properties more particularly described in the
 
Schedule hereto by auction through M/s . ………..Auctioneers and the Auctioneers in the
auction held on accepted the highest bid of the Purchaser subject to the approval and
sanction of the Hon'ble Liquidation Court and received a sum of Rs . ………..as deposit.
 
AND WHEREAS the sale of the company properties mentioned in the Schedule hereto in favour
of the Purchaser was sanctioned by an order dated ………..passed by the Hon'ble Liquidation
Judge and the Vendor has been authorised to execute sale deed of the Company's properties
mentioned in the schedule hereto in favour of the Purchaser by the said order
dated .........................
 
NOW THIS DEED OF SALE WITNESSETH that in pursuance of the orders dated ………..and
dated………..passed by the Hon'ble Liquidation Judge ………..High Court for the sale of the
properties mentioned in the Schedule hereto and sanction of the sale of the said properties in
favour of the Purchaser respectively and in consideration of the sum of Rs . ………..by demand
draft No................... dated ………..issued by the .................Branch (the receipt whereof the
Vendor hereby acknowledges) the Vendor hereby grants, conveys, transfers and sells all that
properties mentioned more particularly mentioned in Schedule hereto, heretofore belonging to
and forming part of the said Company UNTO THE SAID PURCHASER, his heirs, legal
representatives, executors, administrators and assigns to have and to hold the same unto the
Purchaser as full and absolute owner thereof.
 
(2) The Vendor hereby covenants with the Purchaser as follows:
 
 
(a) That the Vendor and the Company has good title to convey, sell, transfer the said
properties to the Purchaser and the Purchaser shall peacefully and quietly possess and enjoy
the said properties hereby conveyed, transferred, granted and sold to him without any
disturbance, hindrance, obstruction by the Vendor or the Company or any person or persons
claiming under or through them
 
(b) That the properties hereby conveyed, transferred and sold have not been encumbered or
charged by the Company as is evident from the books of the Company or that the said
properties have not in any way encumbered or charged after the date of winding up.
 
(c) That the Vendor has paid all the taxes, assessments, dues, duties and outgoings in respect
of the properties mentioned in the Schedule hereto payable to the State of ………..Municipal
taxes, etc. Corporation of or any other local body or authority.
 
(d) That the Vendor will not be personally liable in any way for any defect in the title of the
Company in respect of the properties hereby conveyed, transferred or sold.
 
(3) The Vendor has delivered the possession of the properties mentioned in the Schedule,
hereto and title deeds in respect thereof to the Purchaser on the date of presentation of this
deed for registration before the Sub-Registrar.
 
IN WITNESS WHEREOF, the parties have executed this deed on the day and year first
abovementioned.
 
The Schedule above referred to
WITNESSES
1. Vendor
2. Purchaser

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