THE HON'BLE Ms. JUSTICE G.ROHINI COMPANY APPLICATION No. 852 OF 2010 Dated: 30.11.2010 Between: M/s. Mamatha Chit Fund (P) Limited ..... Applicant And Sri Yeddlapuri Danaiah and others ……Respondents The Court made the following : THE HON'BLE Ms. JUSTICE G.ROHINI COMPANY APPLICATION No. 852 OF 2010 ORDER : This application is filed by the Official Liquidator attached to this Court representing M/s. Mamatha Chit Fund Private Limtied- a company under provisional liquidation, for recovery of a sum of Rs.14,000/- from the respondents along with interest at the rate of 12% per annum with effect from 06.07.2000 till the date of realisation alleging that the same was due with regard to prized ticket No.49 of Group No.LP21E. Notice ordered by this Court on 19.10.2010 is yet to be served on the respondents. However, the Official Liquidator filed a report dated 15.11.2010 stating that the 1st respondent had deposited a sum of Rs.14,000/- in the office of the Official Liquidator and the same was accepted vide Official Liquidator’s receipt No.7035 dated 11.11.2010. It is further stated that the 1st respondent by his letter dated 11.11.2010 requested for waiver of the interest for the reasons stated therein. A copy of the letter addressed by the 1st respondent dated 11.11.2010 as well as the receipt dated 11.11.2010 issued by the office of the Official Liquidator have been placed before this Court. Heard Sri M.Anil Kumar, the learned counsel for the Official Liquidator. Having regard to the fact that the principal amount of Rs.14,000/- has been paid by the 1st respondent and taking into consideration the plea of the 1st respondent in his letter that he is a retired person and except the pension no other source of income is there, I deem it appropriate to waive the interest claimed in the application. Accordingly, recording the payment already made by the 1st respondent, the Company Application is disposed of. No costs. ___________ G. ROHINI, J Date: 30.11.2010 Ivd