THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1672 of 2011 11th November, 2011 Between :- M/s.Uniloyds Ltd (in Liqn) Rep.by the Official Liquidator, High Court of Andhra Pradesh, Hyderabad .. Applicant THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1672 of 2011 ORDER:- This application has been taken out by the Official Liquidator representing M/s.Uniloyds Ltd (in Liqn) under Section 457 (1)(e) of the Companies Act, 1956 read with Rule 9 of the Companies (Court) Rules, 1959 seeking appointment of the Registered Chartered Valuer for survey/verification-cum-valuation of the Company’s land to an extent of Ac.2.0527 situated at Sy.No.44, 43, 42, 41, 40/2 and 38/2, Road No.10, IDA, Nacharam village, Kapra Municipality, Ranga Reddy District, from the panel maintained by the Office of the Official Liquidator. Heard learned Counsel appearing for the applicant and perused the material brought on record. This Court by an order dated 4-12-1992 made in R.C.C.No.2 of 1992 directed for winding up of M/s.Uniloyds Ltd and the Official Liquidator attached to this Court came to be appointed as its Liquidator under Section 449 of the Companies Act, 1956. The Official Liquidator took possession of the land to an extent of Ac.2.0527 situated at Sy.No.44, 43, 42, 41, 40/2 and 38/2, Road No.10, IDA, Nacharam village, Kapra Municipality, Ranga Reddy District. The Official Liquidator made correspondence with the Sub-Registrar’s Office, Uppal, Hyderabad with regard to the title of the Company (in Liqn) in respect of Ac.2.0527 situated at Sy.No.44, 43, 42, 41, 40/2 and 38/2, Road No.10, IDA, Nacharam village, Kapra Municipality, Ranga Reddy District. The Sub-Registrar, Uppal, Hyderabad, furnished certified copy of the sale deed, E.C., confirming that the land stands in the name of the Company (in Liqn). Para 8 of the affidavit filed in support of the application reads as hereunder:- “That, on 30-5-2011 the Official Liquidator deputed his officials to the said Company’s landed property premises situated at Ac.2.0527 situated at Sy.No.44, 43, 42, 41, 40/2 and 38/2, Road No.10, Nacharam village, Kapra Municipality, Ranga Reddy District, to make spot inspection and take possession of above said landed property. The deputed officials report that, they could not identify the demarcation of the land an extent of Ac.2.0527 situated at Sy.No.44, 43, 42, 41, 40/2 and 38/2, Road No.10, Nacharam village, Kapra Municipality, Ranga Reddy District, therefore, they could not take possession of the said land on that day. Subsequently, on 15-7-2011 again proceeded to the Company’s land situated at Sy.No.44, 43, 42, 41, 40/2 and 38/2, Road No.10, Nacharam village, Kapra Municipality, Ranga Reddy District, along with Surveyor of Uppal Mandal, Ranga Reddy District, then the Surveyor of Uppal Mandal conducted survey and identified the above said land as per the document, thereafter, the officials of Official Liquidator had taken possession of the said property in presence of the Surveyor and neighbour representative Sri B.Sobbanna, Vice President Administration of M/s.AVRA Laboratories (P) Ltd. A copy of the report submitted by the officials of this office is enclosed herewith and marked as Annexure-C.” Since the lands are to be valued, the instant application has been moved seeking with the prayer stated supra. Heard learned Counsel appearing for the applicant and perused the material brought on record. Since the valuation of the property is essential before putting the same to auction, I deem it appropriate to appoint Sri K.Dhanapathi Rao & Associates as Valuer for survey/verification-cum-valuation of the Company’s land to an extent of Ac.2.0527 situated at Sy.No.44, 43, 42, 41, 40/2 and 38/2, Road No.10, IDA, Nacharam village, Kapra Municipality, Ranga Reddy District. His fee is fixed at Rs.10,000/- (Rs.Ten thousand only) tentatively. Accordingly, the Company Application is ordered. _________________________ B.Seshasayana Reddy, J 11th November, 2011 smr