THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1646 of 2011 Date:08th December, 2011 Between: M/s.Mamatha Chit Fund (P) Limited (in provisional liquidation), rep. by the Official Liquidator, High Court of A.P., Hyderabad. …Applicant *** THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1646 of 2011 ORDER: This Company Application has been filed by the Official Liquidator representing M/s.Mamatha Chit Fund (P) Limited (in provisional liquidation), under Section 546(1)(a) & (b) (iii) of the Companies Act, 1956, r/w. Rules 9 and 11(b) of the Companies (Court) Rules, 1959, seeking to dispense with all further proceedings of recovery of the amount less than Rs.3,000/- and permit the Oﬃcial Liquidator to write- oﬀ an amount of Rs.93,843.30 ps. towards debt due by the 57 debtors. 2. This Court, by order, dated 20.03.2002, passed in Company Petition No.13 of 2002 appointed the Oﬃcial Liquidator attached to this Court as provisional liquidator of M/s.Mamatha Chit Fund (P) Ltd. The Oﬃcial Liquidator took possession of the books of accounts and assets of the Company (in provisional liquidation). The Oﬃcial Liquidator made eﬀorts to recover the debt dues as per the statement of aﬀairs furnished by the Ex-Managing Director of the Company (in provisional liquidation). The amounts due from the debtors (list annexed to the application) is less than Rs.3,000/-. According to the applicant, every eﬀort has been made to recover the same by issuing notices. The notices issued to M.Bhagawan Das returned unserved as ‘addressee expired’. Except in few accounts relatable to C.Gunavathi, M.Bhagawandas, S.Chennaiah, K.Govardhan Reddy, A.Sujatha, and M.Prakash Reddy, in all other accounts amounts due are less than Rs.3,000/-. Even in the above said accounts, where amount due is just above Rs.3,000/-, every eﬀort has been made by the Oﬃcial Liquidator to recover the same. Notices sent to the debtors of the Company (in provisional liquidation) returned unserved. Total amount required to write-oﬀ is Rs.93,843.30 ps. Even for recovery of the said amount from the 57 debtors, according to the learned counsel appearing for the Oﬃcial Liquidator, an equal amount is required to be spent towards notices and other miscellaneous expenses. 3. Heard learned counsel appearing for the Oﬃcial Liquidator representing the Company (in provisional liquidation) and perused the material brought on record. 4. Having considered the facts and circumstances, I am inclined to allow the Company Application dispensing with all further proceedings of recovery of the amounts less than Rs.3,000/- each from the 57 debtors (list annexed) of the company (in liquidation). 5. Accordingly, the Company Application is allowed and an amount of Rs.93,843.30 ps. due from the 57 debtors (list annexed) to the Company (in provisional liquidation) is treated as write-off. No costs. _____________________ B.SESHASAYANA REDDY, J Date:08th December, 2011. cs THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1646 of 2011 Date:08th December, 2011