THE HON’BLE SRI JUSTICE K. LAKSHMAN in C.P. No. 25 of 2013

ORDER:

Heard Sri V. Aneesh, learned counsel for petitioner and Sri J. Srinadh Reddy, learned counsel for Official Liquidator.

2. This Company Application is filed under Rule 9 of the Companies (Court) Rules, 1959, read with Order IX Rule 13 of the Code Civil Procedure, 1908, seeking a direction to the Official Liquidator to handover physical possession of Flat No.301, Raasi Hills View, Manor, 11-4-646/B, A.C. Guards, Hyderabad-500004 (hereinafter referred to as ‘the subject property’) to the petitioner for enabling it to enforce the same under the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘SARFAESI Act’).

3. According to the petitioner, the subject property belongs to Smt. P. Parvathi, W/o P. Subba Raju. She has purchased the subject property under a registered Sale Deed bearing document No.134 of 1995 dated 09.01.1995. She was the Director of respondent No.1 Company. Therefore, respondent No.1 Company used the subject property for the purpose of its Registered Office.

4. It is further contended by the petitioner that respondent No.1 Compa