HON’BLE SRI JUSTICE K. LAKSHMAN COMPANY APPLICATION No.232 OF 2021 COMPANY PETITION No.57 OF 1999

ORDER

Heard Mr. Alladi Ravinder, learned Senior Counsel representing Sri Bandar Srikanth, learned counsel for the petitioner, Sri J.Srinadh Reddy, learned counsel appearing for Official Liquidator and Sri D.Narender Naik, learned counsel appearing for 2^nd respondent.

2. This application is filed under Section 457 (1) (c) of the Companies Act, 1956, to direct the Official Liquidator to take necessary steps to transfer the lands admeasuring Ac.0.34 cents in Sy.No.91P, Ac.0.94 Cents in Sy.No.92P, Ac.7.00 Cents in Sy.No.100P, Ac.0.50 Cents, Ac.2.70 Cents in Sy.No.98P (total extent of Ac.11.58 Cents) situated at Kosini Village Sivar of Kaghaznagar Mandal, Komaram Bheem Asifabad District for Rs.2.5 Lakhs to Rs.3 Lakhs per acre in favour of the Applicant/Petitioner herein.

3. By order dated 26.04.2001 in C.P.No.57 of 1999, 1^st respondent Company went into liquidation. This Court appointed Official Liquidator to take over the assets and liabilities of the CP_57_1999 Company under liquidation. Pursuant to the said order, Official Liquidator has taken possession of the assets and liabilities of the