THE HON'BLE Ms. JUSTICE G.ROHINI COMPANY APPLICATION No. 549 OF 2010 IN R.C.C.No.9 OF 1994 Dated: 01.02.2011 Between: Industrial Development Bank of India ..... Applicant AND M/s. Kera Sinter Limited (In Liquidation) .....Respondent THE HON’BLE Ms. JUSTICE G. ROHINI COMPANY APPLICATION No. 549 OF 2010 IN R.C.C.No.9 OF 1994 O R D E R : This application has been filed by the Industrial Development Bank of India, a secured creditor of the respondent Bank in liquidation seeking direction to the Official Liquidator to disburse a sum of Rs.4,77,734/- to the applicant. It is stated in the affidavit filed in support of the application that the applicant had incurred a sum of Rs.1,17,750/- towards watch and ward (security) expenses from September, 1999 till October, 2004, a sum of Rs.2,55,784/- towards insurance premium and a sum of Rs.1,04,200/- towards valuation fee, advertisement expenses. The Official Liquidator representing the company in liquidation filed a report vide O.L.R.No.358 of 2010 stating that the applicant is entitled to reimbursement of Rs.1,13,950/- spent towards watch and ward, valuation fee and advertisement charges. In the subsequent report dated 26.10.2010 filed vide O.L.R.No.446 of 2010 it is stated that the applicant had submitted vouchers for an expenditure of Rs.18,000/- for security charges. Again by report dated 29.11.2010 the Official Liquidator stated that the applicant had produced a stamped receipt issued by the National Security Agency, Kachiguda for a sum of Rs.1,17,750/- out of which Rs.9,750/- was already allowed by this Court by order dated 09.08.2010. Thus according to the Official Liquidator, the balance of Rs.1,08,000/- has to be reimbursed to the applicant. I have heard the learned counsel for both the parties. In view of the reports filed by the Official Liquidator admitting the expenditure incurred by the applicant to some extent, there shall be a direction to the Official Liquidator to reimburse the said admitted amounts to the applicant. So far as the further amount of Rs.2,55,784/- claimed by the applicant towards the insurance premium is concerned, it is left open to the applicant to produce the authenticated receipts before the Official Liquidator. On production of such receipts the Official Liquidator shall reimburse the said amounts also to the applicant. The Company Application is accordingly disposed of. No costs. ___________ G. ROHINI, J Date : 01.02.2011 Ivd