present appellant participated.
2. List on 04.04.2025."
5. Thereafter, report of ITCOT dated 15.04.2025 was received,
as per which incidentally, the property ad-measures ... order was passed on 17.04.2025:-
"We have perused the valuation of ITCOT of
the subject property i.e. at Chokkampatti, Poigai
Village ad-measuring
direct valuation of such
building by the Official Liquidator through ITCOT at rates approved earlier
by this Court so as to enable the applicants ... removed by Provimi Products after an inventory is drawn by ITCOT in the
presence of the Official Liquidator and representatives of the contesting
parties
that market values were adopted
based on a valuation report prepared by ITCOT Consultancy and Services
Limited (a deemed Government Company) nominated by IDBI Bank ... lender.
ITCOT arrived at a total enterprise value of tangible assets at Rs.462.99 Crores
for the hotel. This will be the estimated cost
Industrial
and Technical Consultancy Organization of Tamil Nadu Limited,
popularly known as ITCOT Ltd., Chennai.
20.The respondent has not established any right
follows:
"39. The Official Liquidator has taken the services of ITCOT
for valuation of the property and on the strength of its
report ... upset price was fixed. The report of ITCOT
would clearly indicate that the sale deeds were not produced
by the Official Liquidator and on inspection
Industrial and
Technical or Consultancy Organisation of Tamil Nadu Limited (ITCOT)
would show that market value of the schedule property
Industrial and
Technical or Consultancy Organisation of Tamil Nadu Limited (ITCOT)
would show that market value of the schedule property
Industrial and
Technical or Consultancy Organisation of Tamil Nadu Limited (ITCOT)
would show that market value of the schedule property
entire tender
process is being conducted in a transparent manner. M/s.ITCOT were also
appointed as an expert consultant to advice through the entire
entire tender
process is being conducted in a transparent manner. M/s.ITCOT were also
appointed as an expert consultant to advice through the entire
