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2008 Supreme(AP) 308

N.V.RAMANA
Thummlachetty Builders and Developers (Pvt) Ltd. , Hyderabad – Appellant
Versus
Commissioner and Inspector General of Stamps and Registration, Hyderabad – Respondent


Advocates:
ADVOCATE APPEARED:
(Mrs). D. Geetha, Counsel for the Petitioner; Government Pleader for Revenue, Counsel for the Respondent

ORDER :-Respondent No.4, namely Megacity Co-operative Urban Bank Limited, purchased the land in an extent of Ac.3-16 guntas in Sy. No.l00B (Old 100) at Nizampet Village, Qutbullapur Mandal, Ranga Reddy District, from its original owners and subsequent purchasers vide registered Document Nos.6115/01 and 6116/01, dated 17.8.200, 6202/01, dated 20.8.2001 and 13706/01, dated 10.10.2001, and since then it has been in possession and enjoyment of the same.

2. While so, respondent No.4-Bank went into liquidation, and it was superseded by the Registrar of Co-operative Societies vide orders dated 2.3.2002. And from 9.9.2002, the Assistant Registrar (Cooperation), who was appointed as Official Liquidator, become the lawful authority to deal with the properties of respondent No.4-Bank. However, the Ex-Vice Chairman and ex-Managing Director of respondent No.4-Bank, had executed documents alienating the land in favour of third parties, who in turn alienated the same in favour of other parties by carving out plots. The said transactions resulted in the parties resorting to filing of civil cases against each other.

3. The Official Liquidator having become the lawful authority to deal with the proper























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