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3. In C.A.No.1209 of 2015, the properties mentioned are, buildings and civil structures, situated at No.87, Cumbum Road, Theni 625 531, valued by M/s.ITCOT at Rs.1,91,73,000/-. After obtaining necessary orders on 21.06.2016, the Official Liquidator, High Court, Madras, has issued sale notices, fixing the date of sale as 10.11.2016.

4. In C.A.No.1209 of 2015, the Official Liquidator, High Court, Madras, has filed a report, stating that the appellant herein has quoted the price of Rs.25 Lakhs for the building and civil structures. M/s.Apex Laboratories Private Ltd., Chennai, petitioning creditor, has offered Rs.70 Lakhs, at a scrap value. M/s.Sakthi Kanna Constructions Private Ltd., had given a letter, dated 04.02.2017, stating that they are willing to purchase the property at Rs.1,20,00,000/- and ready to deposit Rs.50 lakhs initially.