THE HON'BLE Ms. JUSTICE G.ROHINI COMPANY APPLICATION No. 172 OF 2011 IN COMPANY PETITION No.25 OF 2008 Dated: 04.03.2011 Between: M/s. Sri D.S.M. Chit Funds (P) Ltd ..... Applicant The Court made the following:- THE HON’BLE Ms. JUSTICE G. ROHINI COMPANY APPLICATION No. 172 OF 2011 IN COMPANY PETITION No.25 OF 2008 O R D E R : This is an application filed by the Official Liquidator attached to this Court representing M/s. Sri D.S.M.Chit Funds (Private) Limited, the company in liquidation with a prayer to take on record the valuation report of the movable assets of the company in liquidation and for consequential directions. I have heard Sri M.Anil Kumar, the learned counsel appearing for the Official Liquidator. The material available on record shows that by order dated 15.10.2008 made in Company Petition No.25 of 2008, this Court directed winding up of M/s. Sri D.S.M. Chit Funds (Private) Limited and the Official Liquidator attached to this Court was appointed as its Liquidator. Pursuant thereto, the Official Liquidator took possession of the books, records and moveable assets of the company in liquidation on 02.03.2009. In terms of the subsequent order passed by this Court in Company Application No.777 of 2010 appointing Sri K.Dhanapathi Rao and Associates, Chartered Engineer, Government Registered Valuer for valuation of the furniture and equipment of the company in liquidation, the valuer so appointed had taken up the work for valuation and submitted his valuation report in a sealed cover with the office of the Official Liquidator on 03.02.2011. While placing the said valuation report in a sealed cover before this Court, the present application has been filed by the Official Liquidator with a prayer to take on record the said report. The valuation report submitted by Sri K.Dhanapathi Rao and Associates, a Government Registered Valuer vide letter dated 31.01.2011 contains the valuation of all the moveable items located in the premises of the company in liquidation. The report has been submitted in duplicate along with a copy of the bill towards the provisional charges. The fair market value of the assets has been valued at Rs.13,690/- and the distress sale value is assessed at Rs.9,000/-. The said report is placed on record and the Official Liquidator is hereby permitted to receive a copy of the said report and to take further steps for sale in accordance with law. The charges of the valuer as per the bill submitted by him shall be paid out of the funds of the company in liquidation. Company Application is accordingly disposed of. No costs. ____________ G. ROHINI, J Date: 04.03.2011 Ivd