THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY C.A.NO.234 OF 2011 in C.P.No.13 of 2002 ORDER This application has been filed by the Official Liquidator representing M/s.Mamatha Chit Fund Private Limited in provisional liquidation under Section 446 (2) (b) of the Companies Act, 1956 read with Rule 9 and 11 (b) of the Companies Court Rules, 1959 seeking a decree against the respondent for a sum of Rs.8,000/- along with interest @ 12% p.a. with effect from 18-6-2000 till the date of realization. By an order dated 20-3-2002 made in C.P.No.13 of 2002 the Official Liquidator attached to this Court came to be appointed as Provisional Liquidator of M/s.Mamatha Chit Fund Private Limited. The respondent herein became the prized subscriber to T.No.20 of Chit Group No.LP18E valued at Rs.50,000/- for a period of 50 months @ Rs.1000/- each (which is inclusive of dividend) per month and the said chit group commenced in the month of January, 1997. As per chit ledger record, the respondent paid a sum of Rs.42,000/- for 42 months leaving a balance liability of Rs.8,000/-. As per the revised list of debtors forming part of statement of affairs filed on 17-01-2003 by the Ex-Managing Director with the office of the Official Liquidator, the respondent herein is due in a sum of Rs.9,430/- in respect of the said prized ticket. The Official Liquidator issued a notice dated 10-3-2003 to the respondent calling upon him to pay the amount due. The respondent received notice, but he failed to liquidate the liability. Hence, this application seeking the prayer stated supra. Notice to the respondent came to be ordered on 23-3-2011. Despite service of notice, the respondent neither appeared in person or through a counsel. Affidavit of R.Ramakrishna Reddy has been filed in lieu of chief examination. 15 documents have been placed on record and they are exhibited as Exs.A1 to A15. Heard the learned counsel appearing on behalf of the Official Liquidator and perused the evidence of PW1 and Exs.A1 to A15. As per the prized subscriber bid payment final statement which is exhibited as Ex.A4, the respondent received an amount of Rs.30,000/- by way of a cheque bearing No.849258. As per certified copy of chit ledger extract, the respondent paid 42 instalments. Exs.A4 and A6 coupled with the evidence of PW1 amply substantiate the claim of the applicant against the respondent. Accordingly, the application is allowed with costs granting decree for Rs.8,000/- in favour of the applicant and against the respondent. The decreed amount shall carry interest at 12% p.a. with effect from 18-06-2000 to this day and 6% from this day to the date of realization. ___________________________ B.SESHASAYANA REDDY,J rkk Dated: 14-6-2011