THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.615 of 2010 5TH September, 2011 Between :- M/s.Allwyn Watches Ltd (in Prov.Liqn) Rep. By the Official Liquidator, High Court of Andhra Pradesh, Hyderabad .. Applicant And The Principal Secretary to Government Industries & Commerce Dept, Government of Andhra Pradesh, A.P.Secretariat, Hyderabad and others .. Respondents THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.615 of 2010 ORDER:- Pursuant to the order passed by this Court on 16-8-2010, the Official Liquidator convened the meeting of all the participants in the auction held earlier and placed on record the proceedings vide OLR.No.204/2011. As per the report, M/s.Tapaswi Infra Projects (I) Pvt.Ltd., Hyderabad, offered highest amount of Rs.6.60 crores for lot No.3 and whereas Mr.T.Siva Ram offered Rs.9,30,000/- for lot No.4. As per the report of the Official Liquidator, M/s.J.C.Brothers Projects Pvt.Ltd., and Sri C.Sreenivasulu attended the meeting along with others. No objections have been received from any of the respondents or from the persons who participated in the negotiations held on 25-8-2011 in the Office of the Official Liquidator. Therefore, I do not see any impediment in accepting the report of the Official Liquidator. Accordingly, the highest offer of Rs.6.60 crores received from M/s.Tapaswi Infra Projects (I) Pvt.Ltd., for lot No.3 and the highest offer of Rs.9.30 lakhs received from Sri T.Sivaram for lot No.4 are hereby accepted. The highest offerers for the above two referred lots shall deposit the balance sale consideration within thirty days from the date of communication of the acceptance of their offer by the Official Liquidator. The E.M.D. of unsuccessful participants shall be returned by the Official Liquidator. With regard to sale of lot No.2, the Official Liquidator is at liberty to move a fresh application. Accordingly, the application is ordered. _________________________ B.Seshasayana Reddy, J 5th September, 2011 smr