HON’BLE SRI JUSTICE K. LAKSHMAN COMPANY APPLICATION No.7 OF 2021 in COMPANY PETITION No.328 OF 2015

ORDER

Heard Sri Vikram Pooserla, learned Senior Counsel representing Ms. Siva Praneetha Sreeramula, learned counsel for the Applicant and Sri J. Srinadh Reddy, learned standing counsel appearing for Official Liquidator (OL). Despiteservice of notice, none appears for 2^nd respondent.

2. This application is filed under 536 (2) of the Companies Act, 1956 (for short, ‘the Act’) read with Sections 9 and 10 of Companies (Court ) Rules, 1959 (for short, ‘the Rules’) and Section 151 of CPC to declare the Applicant as the rightful owner of the property i.e. the land admeasuring 7865 sq.yards or Ac.01.25 guntas out of Ac.3.20 guntas in Sy.No.655 (part), situated at Peddapur Village and Grampanchayat, Sadasivpet Mandal, Sangareddy District ( for short, ‘the subject property’) purchased vide registered sale deed bearing document No.67 of 2018, dated 03.01.2018 and also to declare the said transaction as bonafide.

3.The Applicant filed the present application contending as follows:-

i. The Applicant is a company by name M/s. McLanahan India Private Limited. It was incorporated on 05.01.2015.

ii. Vide