THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1797 of 2011 In Company Petition No.108 of 2001 15th December, 2011 Between :- M/s.Tapaswi Infraprojects India (P) Ltd., Rep.by its Director – M.Indrasena Chowdary .. Applicant And M/s.Allwyn Watches Limited (in Liqn) Rep.by its Official Liquidator, High Court of Andhra Pradesh, Hyderabad .. Respondent THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1797 of 2011 In Company Petition No.108 of 2001 ORDER:- This application has been filed by M/s.Tapaswi Infraprojects India (P) Ltd., under Rule 9 of the Companies (Court) Rules, 1959 read with Section 151 of C.P.C., seeking direction to the Official Liquidator representing M/s.Allwyn Watches Limited (in Liqn) to handover the possession of the land admeasuring Ac.16.60 comprising Sy.No.453/2, 453/3, 459/3, 196/4 and 453/1B along with buildings and civil works situated at Penukonda, Anantapur District and execute a registered sale deed. Though the application has been filed seeking two reliefs, one for possession and another one for execution of registered sale deed, the petitioner confines this petition to the relief of possession. Heard learned Counsel appearing for the applicant and the Official Liquidator representing M/s.Allwyn Watches Limited (in Liqn). The applicant became the highest bidder having offered Rs.6,60,00,000/- for Ac.16.60 cents. He paid the entire amount along with interest. In that view of the matter, I do not see any impediment in directing the Official Liquidator to handover the possession of the land admeasuring Ac.16.60 cents (Ac.11.60 in Sy.No.453/2, Ac.3.91 in Sy.No.453/3, Ac.0.26 in Sy.No.459/3, Ac.0.54 in Sy.No.196/4 and Ac.0.29 in Sy.No.453/1B) along with buildings and civil works at Penukonda, Anantapur District. Accordingly, the application is ordered. The applicant is at liberty to file a fresh application with regard to the relief of execution of registered sale deed. ________________________ B.Seshasayana Reddy, J 15th December, 2011 smr