This application has been taken out by the Official Liquidator acting on behalf of M/s. DCL Maritech Ltd, company under liquidation seeking directions to the 1st respondent, the Land Acquisition Officer & Revenue Divisional Offier, Nellore to pay compensation at the rate of Rs.2,50,000/- per acre for land admeasuring Ac.113.44 cts belonging to the company under liquidation which was acquired for a public purpose. This application has been taken out in terms of sub-section (1)(e) of Section 457 of the Companies Act r/w Rule 9 of the Companies (Court) Rules, 1959. M/s.DCL Maritech Ltd., was ordered by this court on 19.2.2003 to be wound up, entertaining CP No. 21 of 2002 instituted by M/s. Godavari Packaging Systems, one of the creditors of M/s. DCL Maritech Limited. The Official Liquidator attached to this court has been appointed as its liquidator. The company under liquidation acquired large extents of land of Ac.409.42 situated at Krishnapatnam in Nellore District. Out of this extent, 242.72 acres of land has been acquired by the State Government for establishment of a thermal power project through their ordrs passed in G.O.Ms.No. 226 (Revenue Land Acquisition) Department,