THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.540 of 2011 ORDER: This is an application filed by the Official Liquidator representing M/s.Alankruti Laboratories Ltd. (in liquidation) under Sections 457(1) (e) r/w.528, 529, 529-A and 530 of the Companies Act, 1956 and r/w. Rule 148(1)(2) & (9) of the Companies (Court) Rules, 1959, seeking permission to invite the claims against the company (in liquidation) from the creditors by issuing notices in daily newspapers of ‘ANDHRA JYOTHI’ and ‘INDIAN EXPRESS’ of Mahaboobagar and Hyderabad District Editions and to meet the costs of the advertisement from the funds of the company (in liquidation). A further relief has been sought for to dispense with issuance of individual notices pursuant to Rule 148(2) of the Companies (Court) Rules, 1959, to all the creditors, whose addresses are not available in the statement of affairs or who are not likely to receive dividends. 2. Heard learned counsel appearing for the Official Liquidator and perused the affidavit filed in support of the application. 3. As seen from the affidavit filed in support of the application, Andhra Pradesh State Financial Corporation, Mahaboobnagar Branch deposited a sum of Rs.1,00,000/- towards invitation of claims from the creditors of the company (in liquidation), more specifically, the workmen claims. Therefore, the Official Liquidator is bound to issue individual notices under Rule 148(2) to all the creditors of the company, as per the details furnished in the statement of affairs filed by ex-directors of the company (in liquidation). 4. Since the assets of the company (in liquidation) have been sold by the Andhra Pradesh State Financial Corporation and sale also came to be confirmed by this Court as per order, dated 20.09.2010, vide C.A.Nos.708 of 2010 in C.A.No.862 of 2009 in C.A.No.1780 of 2006 in C.A.No.1534 of 2006. the Official Liquidator has to necessarily invite the claims by issuing notices. 5. Accordingly, the Company Application is ordered permitting the Official Liquidator to invite the claims against the company (in liquidation) by giving publication in ‘ANDHRA JYOTHI’ and ‘INDIAN EXPRESS’, daily newspapers having circulation at Mahaboobnagar and Hyderabad Districts and to meet the costs of the publication from the funds of the company (in liquidation). Individual notices to the creditors, whose addresses are not available in the statement of affairs or who are not likely to receive dividends, is dispensed with. _____________________ B.SESHASAYANA REDDY, J Date:21st April, 2011. cs THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.540 of 2011 Date :21st April, 2011