HON’BLE SRI JUSTICE N.V. RAMANA COMPANY APPLICATION No. 788 of 2009 In R.C.C. No. 57 of 1999 Between: The Sirpur Paper Mills .. Applicant And M/s. Sirsilk Limited.. .. Respondent O R D E R:- The petitioner, who claims to be the unsecured creditor filed this application seeking to direct the Official Liquidator to allot the land belonging to the Company in Liquidation, situated at Sirpur Kaghaznagar, Adilabad District, out of the available extent of nearly Ac.800.00 cents in proportion to the admitted amount of Rs.614.47 lakhs due to the petitioner. According to the petitioner, he is one of the unsecured creditors of the company in liquidation. The claims of other creditors of the company and workers preferential debts are already settled, and as an extent of Ac.800.00 cents is left, he prays that the petitioner be given land in lieu of his debt. The Official Liquidator filed detailed report, the sum and substance of which is that the claims of the other secured creditors are under consideration, the request of the petitioner, who is an unsecured creditor, to settle his unsecured debt at this stage, cannot be considered. In view of the report, the applicant is at liberty to renew his request later on after the claims of the secured creditors and the workers are settled. Accordingly, this application is disposed of. No costs. ______________ N.V. RAMANA, J 28th October, 2009 bcj