THE HON'BLE Ms. JUSTICE G.ROHINI COMPANY APPLICATION No. 973 OF 2010 Dated: 15.11.2010 Between: M/s. Mamatha Chit Fund (P) Limited ..... APPLICANT AND Sri Narisetty Rama Rao and others .....RESPONDENTS The Court made the following : THE HON'BLE Ms. JUSTICE G.ROHINI COMPANY APPLICATION No. 973 OF 2010 ORDER: This application is filed by the Official Liquidator representing M/s. Mamata Chit Fund (P) Limited- the company under provisional liquidation, seeking a direction to the respondents jointly and severally to pay a sum of Rs.14,000/- along with interest at the rate of 12% per annum with effect from 07.05.2000 till the date of realization alleging that the same is due to the company towards T.No.24 of Chit Group No.LP8F. Notice ordered by this Court on 26.10.2010 has been served on the respondents 1 and 3. Though there is no appearance on their behalf, the Official Liquidator filed a report dated 11.11.2010 stating that on 11.11.2010, the 1st respondent had deposited a sum of Rs.14,000/- in the office of the Official Liquidator and the same was accepted vide OL’s receipt Nos.7032 and 7033 dated 11.11.2010. It is also stated that the 1st respondent made a request for waiver of interest and a copy of the letter addressed by the 1st respondent has been enclosed to the report. I have heard Sri M.Anil Kumar, the learned counsel representing the Official Liquidator. Having regard to the admitted fact that the unpaid amount of Rs.14,000/- has been paid by the 1st respondent on 11.11.2010 and keeping in view the reasons stated by the 1st respondent in his letter dated 11.11.2010 explaining his inability to pay the interest claimed, I deem it appropriate to waive the interest claimed in the Application. Accordingly, the interest claimed is hereby waived and the Company Application is closed recording the payment of the principal amount of Rs.14,000/- . ___________ G.ROHINI, J Date: 15.11.2010 Ivd