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2012 Supreme(AP) 522

RAMESH RANGANATHAN
Managing Director M/S Lvsr Famrs Pvt. Ltd. – Appellant
Versus
Official Liquidator High Court Of A. P. , Hyderabad – Respondent


Advocates appeared:
For the Petitioner:B.Chandrasen Reddy Advocate.
For the Respondents:R1, M.Anil Kumar, R2, S.Sri Ram Reddy, R3, V.Raghu, Advocates.

Judgment :

COMMON ORDER:

Company Application No.524 of 2008 is filed by the Managing Director of LVSR Farms Private Limited, (hereinafter called the “Assignee”), to direct the Official Liquidator to recognize them as the secured creditor of the company under liquidation in the place of ICICI, IFCI, IDBI and LIC (the Central financial Institutions – hereinafter called “CFIs”). Company Application No.1007 of 2011 is filed by A.P. Industrial Developmental Corporation, represented by its Managing Director (hereinafter called “APIDC”), to treat them as the sole secured creditor having charge over land admeasuring Ac.10.13, (hereinafter called “the immovable property”), situated at Plot No.9B, IDA, Bandlaguda Village, Patancheru, Phase-I, Medak District of the company under liquidation; not to treat the assignee as the secured creditor by virtue of the deeds of assignment in the place of the CFIs, and to calculate and pay the principal amount due to them along with the contractual rate of interest from the due date till the date of realization. Company Application No.257 of 2012 is filed by Andhra Bank to implead them as 3rd respondent in C.A.No.1007 of 2011; and C.A.No.306 of 2012 is fi


































































































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