IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE J.B.KOSHY & THE HONOURABLE MR. JUSTICE K.P.BALACHANDRAN TUESDAY, THE 23RD SEPTEMBER 2008 / 1ST ASWINA 1930 MFA.No. 571 of 2003(F) ---------------------- AGAINST THE ORDER DATED 29/05/2003 IN IA.800 & 1920/2002 IN OP(IP)2/1989 of I ADDL. DISTRICT COURT, TRIVANDRUM .................... APPELLANT(S): 18TH RESPONDENT IN I.A 800/2002 & PETITIONERS IN I.A.1920/2002. ---------------------------------------------------------- 1. T.V.R. FUNDS, REG.NO.539, KARAMANA, REPRESENTED BY ITS MANAGING PARTNER. 2. T.VELAYUDHAN ASSARI, CHAKKALAVILAKOM VEEDU, AANDIYIRAKKAM, KARAMANA, TRIVANDRUM. 3. T.RAJAGOPAL, PARTNER, T.V.R. FUND, KARAMANA, RESIDING AT -DO- -DO-. BY ADV. SRI.K.P.DANDAPANI (SR.) RESPONDENT(S): PETITIONER & CR.PTNRS 1 TO 17 IN IA 800/2002 &CR.PETITIONERS IN I.A.1920/2002: ----------------------------------------------------------------- 1. OFFICIAL RECEIVER, DISTRICT COURT, VANCHIYOOR, THIRUVANANTHAPURAM. 2. G.D.PILLAI, RAMA NIVAS, PAPPANAMCODE, THIRUVANANTHAPURAM. 3. J.HYMAVATHY THANKACHY, AYILLIAM, MUDAVANMUGHAL, POOJAPPURA, THIRUVANANTHAPURAM. Kss ..2/- ...2...... M.F.A.NO.571/2003 4. R.G.SHEELA, DEEPTHI, T.C.6/184-1, NAMBAVANKAVU, KODUNGANOOR P.O., THIRUVANANTHAPURAM. 5. R.UNNIKRISHNAN, LATHA RAMIYAM, KODUNGANOOR, VATTIYOORKAVU, THIRUVANANTHAPURAM. 6. B.JAGADAMMA THANKACHY, PUTHIALATHU VEEDU, ARIYA P.O., PARAVILA, THIRUVANANTHAPURAM. 7. V.O.PRATHAPACHANDRAN NAIR, AMBUJA BHAVAN, KURAVANKONAM, KOWDIAR, THIRUVANANTHAPURAM. 8. J.KANAKAMMA, GOPA NIVAS, KUMARAPURAM, MEDICAL COLLEGE, THIRUVANANTHAPURAM. 9. P.PARAMESWARA PILLAI, GOPA NIVAS, KUMARAPURAM, MEDICAL COLLEGE, THIRUVANANTHAPURAM. 10. R.RAMACHANDRA IYER, MANIAMKARA THOPPU, PAPPANAMCODE, THIRUVANANTHAPURAM. 11. R.VENKITA KRISHNAN, MANIAMKARA THOPPU, PAPPANAMCODE, THIRUVANANTHAPURAM. 12. R.GEETHA, GEETHA BHAVAN, MANIAMKARA THOPPU, PAPPANAMCODE, THIRUVANANTHAPURAM. 13. M.THANKAMMAL OF -DO- -DO-. 14. V.NEELAKANTA IYER, T.C.23/1257, THYVILA LANE, THAMPANOOR, THIRUVANANTHAPURAM. 15. R.MALLIKA, T.C.2357, THYVILA LANE, THAMPANOOR, THIRUVANANTHAPURAM. Kss ..3/- ...3..... M.F.A.NO.571/2003 16. R.USHA, USHUS, RAM NAGAR, PAPPANAMCODE, THIRUVANANTHAPURAM. 17. B.VIJAYAMMA, PADMAVIHAR, PAPPANAMCODE, THIRUVANANTHAPURAM. 18. V.N.PADMAKUMAR, PADMAVILASOM, PAPPANAMCODE, THIRUVANANTHAPURAM. *ADDL.R19 & R20 ARE IMPLEADED: R19. THE ASSOCIATION OF DEPOSITORS IN TVR FUND, REPRESENTED BY IT'S SECRETARY, R.B.K.NAIR, AGED 74 YEARS, MANITHARANGU, THAMALAM P.O., TRIVANDRUM. R20. V.A.AUGUSTINE, AGED 73 YEARS, NO.7, PUSHPA NAGAR, PATTOM P.O., TRIVANDRUM – 4. (*ADDL.RESPONDENTS 19 AND 20 ARE IMPLEADED AS PER ORDER DTD. 6/08/2003 IN I.A.NO.1002/2003) ADV. SRI.V.N.ACHUTHA KURUP FOR R1 SMT.S.MUMTAZ FOR R1 SRI.T.RAJASEKHARAN NAIR FOR R2 TO 10 SRI.P.M.MOHAMMED SHIRAZ FOR ADDL.R19 & R20 SMT.K.C.BEENA (KOORAN) FOR ADDL.R19 & R20 THIS MISC. FIRST APPEAL HAVING COME UP FOR ADMISSION ON 23/09/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: Kss ORDER ON I.A.NO.497/2003 IN M.F.A.NO.571/2003 DISMISSED 23/09/2008 SD/- J.B.KOSHY, JUDGE SD/- K.P.BALACHANDRAN,JUDGE /TRUE COPY/ P.S.TO JUDGE Kss J.B. Koshy & K.P. Balachandran, JJ. -------------------------------------- M.F.A.No. 571 of 2003 --------------------------------------- Dated this the 23rd day of September, 2008 Judgment Koshy,J. This appeal is filed against the order in I.A.No.800 of 2002 and I.A.No.1920 of 2002. I.A.No.800 of 2002 is filed by the Official Receiver seeking permission to possess the properties comprised in Sy. No.1740 and 1851 of Chengazhasseri Village and the buildings therein. The appellant who is declared as insolvent filed I.A.No.1920 of 2002 seeking permission to continue in the above building in Sy. No.1851 of Chengazhasseri Village. After perusing the records, it was found that this building was already surrendered to the court and it was taken possession by the Receiver. Physical possession was not taken. It is the then Official Receiver's mistake. The subscribers to the chitty are not paid even the invested amount. It is the contention of the counsel for the Official Receiver that for paying the next dividend, action has to be taken. Contention of the appellant was that no action was taken in respect of the other properties. We note that three dividends were M.F.A.No.571/2003 2 already paid. Since the properties were also taken possession initially and on the facts of the case, we see no ground to interfere in the impugned order. Appeal is dismissed. J.B.Koshy Judge K.P. Balachandran Judge vaa M.F.A.No.571/2003 3 J.B. KOSHY AND K.P.Balachandran,JJ. ------------------------------------- M.F.A. No.571/2003 ------------------------------------- Judgment Date:23rd September,2008