THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.194 of 2010 (Dated : 18-04-2011) Between: M/s.Vidyuth Steels Staff and Workers Union Patancheru Mandal, Medak District …Applicant A n d M/s.Vidyuth Steels Limited Medak, rep. by the Official Liquidator High Court of A.P., Hyderabad …Respondent THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.194 of 2010 ORDER: This application has been taken out by the applicant- M/s.Vidyuth Steels Staff and Workers Union (for short, “the Union”) seeking direction to the official liquidator to disburse the amounts payable to the members of the applicant-union. The Official Liquidator placed on record his report bearing OLR No.55 of 2011. It is stated in the report that the applicant-union claimed the amount till 30th September 2009 and whereas winding up order came to be passed on 22.4.1988. According to the learned counsel appearing for the official liquidator, no business has been transacted after the winding up order and therefore, the members of the applicant- union are entitled to claim amounts due till the date of winding up. Learned counsel appearing for the respondent submits that the members of the applicant-union have not received any amount for the last 26 years. Apparently, the claim made by the applicant-union is not in accordance with the provisions of Section 445(3) of the Companies Act. Since no business has been transacted after the order of winding up, the members of the applicant-union are entitled to claim till the order of winding up. Accordingly, the application is disposed of directing the applicant union to submit their claim afresh restricting it to the date of the order of winding up and on such furnishing fresh claims, the Official Liquidator has to consider the same in accordance with the provisions of Section 445(3) of the Companies Act, 1956 and pass appropriate orders. _____________________ B.SESHASAYANA REDDY, J Dt.18-04-2011 RAR THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.194 of 2010 (Dated : 18-04-2011)