THE HON’BLE Ms. JUSTICE G.ROHINI COMPANY APPLICATION No.1506 OF 2010 In R.C.C.No.4 of 2011 Dated: 18.01.2011 In the matter of Companies Act, 1956 And In the matter of M/s. Omnitrode Aditya Electrrodes (P) Limited (In liqn.) M/s. Omnitrode Aditya Electrrodes (P) Limited (In liqn.) Rep. by the Official Liquidator, High Court of Andhra Pradesh, Hyderabad. … Applicant THE HON’BLE Ms. JUSTICE G.ROHINI COMPANY APPLICATION No.1506 OF 2010 ORDER : By order dated 18.03.2005 made in R.C.C.No.4 of 2001 this Court appointed the Official Liquidator attached to this Court as the Provisional Liquidator of M/s. Omnitrode Aditya Electrodes (P) Limited. Pursuant thereto, the registered office and the factory premises of the company in provisional liquidation were taken possession by the Official Liquidator and the same were sold in terms of the order passed by this Court dated 28.04.2006 in C.A.No.593 of 2005. The present application has been filed by the Official Liquidator seeking permission to invite the claims against the company-in- liquidation from the creditors under Section 457 (1) (e) read with Sections 528, 529, 529-A & 530 of the Companies Act, 1956. I have heard Sri M. Anil Kumar, the learned counsel representing the Official Liquidator and perused the material available on record. In the affidavit filed in support of the application, it is stated by the Official Liquidator that as per the statement of affairs filed by the Ex-Directors of the Company-in-liquidation, IFCI, Hyderabad and Indian Bank Chennai are the secured creditors and they had filed their claims voluntarily. It is also stated that there are outstanding dues payable to the employees of the company in provisional liquidation and other creditors of the company in provisional liquidation. In terms of Section 457 (1) (e) read with Sections 528, 529, 529-A & 530 of the Companies Act, 1956, the Official Liquidator is bound to quantify the claims of the creditors of the company in liquidation and for the said purpose it is necessary to publish a notice in the newspapers as provided under Rule 148 (1) of the Companies (Court) Rules, 1959. Accordingly, the Application is allowed as prayed for and the Official Liquidator is hereby permitted to invite claims against the company-in-liquidation from the creditors by advertising the notice in daily news papers of Andhra Jyothi and Deccan Chronicle of Hyderabad and Medak editions by meeting the advertisement costs from the funds of the company in provisional liquidation. The Official Liquidator is also hereby permitted to dispense with individual notices to the creditors of the company. _____________ G. ROHINI, J. Dt. 18.01.2011 gbs