R. BANUMATHI, J.

1. Being aggrieved by the Order passed by the learned single Judge in C.A.No.2729 of 2007 in C.P.No.174 of 2001 dated 25.1.2008, the appellant/ 3rd party has preferred this appeal.

2. The brief facts, which led to the filing of this appeal are as follows:-

M/s.Union Motors Services Limited was ordered to be wound up by the order of this Court dated 21.9.2004 made in C.P.No.174 of 2001. The Official Liquidator was appointed as a liquidator of the said Company with a direction to take charge of all assets and effects of the company in liquidation. Pursuant to the aforesaid directions,

Official Liquidator has taken possession of the assets of the Company situated at (i) No.32 and 46 Thiru.Vi.ka Industrial Estate, Ekattuthangal, Chennai - 32 and (ii) 3 branch offices situated at No.4, Pattulos Road, Chennai - 2 and (iii) another Branch Office situated at 118 Manapet, Bathoore Commune Panchayat, Union Territory of Pondicherry and at No.104, bridge Station Road, Sellur, Madurai-2.

3. The Official liquidator has also valued the aforesaid assets and filed sale application.

By order dated 5.12.2007 made in C.A.No.2729 of 2007, this Court has directed the Official Liq