Sale By Official Liquidator Of The Company - Legal Draft

THIS Sale Deed made

at .................... on this ............. day of

.........................., 2000 by Shri ...............................

official LIQUIDATOR of XYZ 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.Whereas the XYZ 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 the 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.1.2.

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 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 toVendor

................................Purchaser

............................WITNESSES;1.2.