IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD THURSDAY, THE SEVENTEENTH DAY OF OCTOBER TWO THOUSAND AND TWENTY FOUR PRESENT THE HONOURABLE JUSTICE MOUSHUMI BHATTACHARYA coMPANY APPLICATION No. 68 of 2023 IN COMPANY PETITION NO: 13 of 2002 ln the Matter of the Companies Act, 1956 AND ln the Mafter of M/s. Mamatha Chit Fund Private Limited, (ln Prov. Liquidation) Between: tt//s. Mamatha Chit Fund Private Limited, (ln Prov. Liquidation) Rep., by its Official Liquidator Attached to the High Court for the State of Telangana. ...APPLICANT AND Sri. N.V.Subba Raju, Sio. Late N.Venkateswara Raju, H-No 6-4-47'1 , Krishna Nagar Colony, Bholakpur, Secunderabad - 80 ...RESPONDENT Application under Section 457 (1Xe) of the companies Act, 1956, read with Ru,le 9 of the Companies (Court) Rules,. i95S; Praying that this Hon'ble Court may be pleased to: i) Appoint a Valuer fr:om the panel maintained by- office. of the Official ' Liquidator for valuation of movables assets lying at Room -No.22?319 ?Zl, ll Floor of Panchavati Mall M.C.H No's. 3-5-943 to 3-5-9481222-223' situated at Narayanguda, Hyderabad, and to fix the remuneration of the valuer and permit th6 Official Liquidator to pay the valuation fee of valuer out of the funds of the company in liquidation. ii) Permit the official Liouidator nleanwhile to obtain the offers to purchase ' the movables from triders/ scrap dealers by affixing the Sale Notice on Notice Board of Corporate Bhawan, Court Hall in the Hon'ble High Court' iii) Permit the official Liquidatoi. to place the offers to be received and the ' Valuation Repot before Honouribie High Court to confirm the sale in favour of highest offerer. iv) Permit the Official Liquidator to handover the movabte assets to the ' successful offerer I hrghest offerer on receipt of the entire sale consideration.order the costs of tlris application do come out of the assets of the company . This application coming on for orders , upon reading the Judge,s summons and the affidavit dated 30-06-2023 and fited by sri R.K. sahu, official Liquidator attached to Telangana High Court in support of the Company Application and upon hearing the arguments of sri J. srinadh Reddy, counsel for the official Liquidator for the App licant and None appeared for the Respondent. The Court made the following: ORDER THE HON'BLE JUSTICE MOUSHUMI BHATTACHARYA COMPANY APPLI CATION N0.68 0F 2()23 IN COMPANY PETITION No.13 0F 2002 learned Standing Counsel for thc Official Liquidator Mr.J. Srinadha ReddY, (Applicant). ll * ORDER: The only prayer urged in the Judge's Summons is for appointment of the Va1uer from the panel maintained by the Office of the Official Liquidator for valuation of movable assets of the Company lying at Room No'222 and' 223' tI Floor of Panchavati Mall, M'C'H'Nos'3-5-943 Lo 3-5-94a1222-223' situated at Narayalguda, Hyderabad' and for permitting the Official Liquidator to pay the valuation fee of the Valuer out of the funds of the Company in liquidation' 2. Learned Stalding Counsel appearing for the Official Liquidator relies on Paragraph No'10 of the affidavit lr'hich liststheitemswhicharepresentlylyinginthepremises. Learned Counsel submits that since the items are few in number,alocalValuermaybeappointedbytheOfficial Liquidator and the payment made by the Office of the Official Liquidator. 2 3. COMPA.No.68 of 2023, along with all connected applications, is accordingly disposed of. Interim orders, if any, shall stand r.:rcated. There shall be no order as to costs. Sd/. C.V. MALLIKARJUNA VARMA JOINT REGISTRAR //TRUE COPY// /- SECTIbN OFFICER 1. The Official Liquidator M/s. Mamatha Chit Fund Private Limited., Office at 1st floor, Corporate Bhawan, Bandlaguda, Nagole, Hyderabad -500068. 2. The Registrar ,rf Companies. Ministry of Corporate Affairs, Government of lndia 2no floor Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village Hayathnagar Mandal, Ranga Reddy District, Telangana State Pin Code 500 680. 3. The Regional Director, South Eastern Region, Ministry of Corporate Affairs, 3'd floor Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village Hayatl-rnagar Mandai, Ranga Reddy District Telangana State, Pin Code 500 680. 4. The S.O. O S fiection, High Court at Hyderabad, for the State of Telangana. 5. One CC to Sri J SrinadhReddy, Counsel for Official Liquidator, High Court for at Hyderabad [OPUC] 6. Two C.D Copie,s To, DUgh HIGH COURT DAfED:1711012024 ORDER COMPANY APPLICATION No. 68 of 2023 IN COMPANY PETITION No. 13 of 2002 COMPANY APPLICA'TION IS DIPOSED OF e STAIA ( .i -, ,t: jz 4 0Ec 202[ r! t, )E sr, at (.)(h