THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1675 of 2011 Date:24th November, 2011 Between: M/s. Great India Mining Pvt. Ltd., Rep. by its Managing Director Deepak Reddy, R/o.Plot No.243/A, MLA Colony, Road no.12, Banjara Hills, Hyderabad. ….Applicant And M/s. Commercial Benefit Corporation and 7 other firms (in liqn.) Rep. by the Official Liquidator, High Court of Andhra Pradesh, Hyderabad. ….Respondent **** THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1675 of 2011 ORDER: This Company Application has been taken out by M/s. Great India Mining Pvt. Ltd. seeking extension of time for payment of balance sale consideration in respect of Lot No.6 comprising of Poornima Complex Lodge. 2. This is the second application. In the earlier application, time allowed to the applicant has been extended by two more weeks subject to the applicant paying interest on the balance sale consideration amount of Rs.26,40,000/- at the rate of 12% p.a. from 04.08.2011. 3. Heard learned counsel appearing for the applicant and perused the report, dated 17.11.2011, filed by the Official Liquidator. 4. It is stated in para.5 of the affidavit filed in support of the application that the petitioner is ready with D.D. for Rs.5,00,000/- and he seeks time for payment of the balance sale consideration. 5. The applicant paid Rs.10,00,000/- as on this day. In that view of the matter, I deem it appropriate to extend two more weeks time from today for payment of the balance sale consideration subject to the applicant paying interest at the rate of 12% p.a. from 04.08.2011. 6. Accordingly, the Company Application is ordered. No costs. ______________________ B.SESHASAYANA REDDY, J. Date:24th November, 2011. cs THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1675 of 2011 Date:24th November, 2011