THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.680 of 2011 ORDER: This application has been taken out by the Official Liquidator representing M/s Sri Raja Rajeshwara Finance & Investments Limited (in liquidation) under Section 457(1)(e) of the Companies Act, 1956 r/w Rule 9 of the Companies (Court) Rules, 1959 seeking appointment of a registered chartered valuer to value the immovable property assets viz., land admeasuring 82.57 sq.yards together with building situated at H.No.1-1- 1128, Camp Road, Korutla, Karimnagar District. This Court by an order dated 03.10.2005 made in Company Petition No.100 of 2002 directed for winding up of M/s Sri Raja Rajeshwara Finance & Investments Limited (in liquidation) and the Official Liquidator attached to this Court came to be appointed as Liquidator of the said company by virtue of Section 449 of the Companies Act, 1956. As per the records of the Company, the company in liquidation owns immovable property of which the land admeasuring 82.57 sq.yards together with building at H.No.1-1-1128, Camp Road, Korutla, Karimnagar District. The Official Liquidator on enquiry came to know that the Ex.Managing Director of the company alienated the said property in favour of Sri D.Rajesh, S/o Gangadhar pending the winding up proceedings. The Official Liquidator filed Company Application No.117 of 2008 under Section 536(2) r/w 537 (1)(b) of the Companies Act, 1956 seeking direction to set aside the sale in respect of the said property. The said application came to be allowed by this Court by an order dated 20.07.2010. The unsuccessful parties challenged the order by filing original side appeal No.20 of 2010. A Division Bench of this High Court dismissed the said appeal. Hence, this application by the Official Liquidator seeking appointment of registered Chartered Valuer to value the property stated supra. Heard the learned counsel appearing for the Official Liquidator and perused the affidavit filed in support of the application. Since the property owned by the company is required to be put to sale, the Official Liquidator has to necessarily get the property valued by the registered chartered valuer. Accordingly, the Company Application is disposed of appointing M/s Rao & Associates, Chartered Engineers Architects, Valuers & Surveyors, 6- 3-864/2, Flat No.104, Shiv Krupa Apartments, Sadat Manzil Compound, Ad.Neeraj Public School, Greenlands, Ameerpet Road, Hyderabad-16 as valuer to value the property stated supra. The Official Liquidator has to move a separate application for fixing the fee of the valuer after receipt of the valuation report. _____________________ B.SESHASAYANA REDDY, J Dt.12th July, 2011 PNV