THE HON’BLE SRI JUSTICE N.RAMAMOHANA RAO Company Application No. 28 of 2012 In Company Application No. 89 of 2009 In Company Application No. 940 of 2008 In Company Application Nos. 751, 758 and 788 of 2008 In Company Petition No. 112 of 2007 ORDER: This is an application moved by the learned Advocate Commissioners appointed by this court to discharge the functions of the liquidators of the company under liquidation, seeking direction to deal with the request made by Sri Konakalla Muralidhar for registration of Plot No. 579 admeasuring 200 sq. yards in Sampath Nagar in favour of his brother Sri Konakalla Srinivas. After the orders were passed by this court on 28.9.2007 for winding up of M/s. Southern Continental Contractors, two of the practicing advocates of this court have been appointed to function as its liquidators. The learned Advocate Liquidators have taken various steps and measures for retrieving the various assets of the company under liquidation and prepared list of its creditors. Since the company under liquidation has developed land of a large extent, but has failed to provide basic infrastructure facilities such as roads, water, drainage or electricity, such basic infrastructure facilities are required to be provided for which purpose lot of money is needed to be generated. The plots which have been unsold in the layouts developed by the company under liquidation were therefore put to public auction. In the public auction so conducted under the supervision of the Company Court, each sq. yard has been sold for a price of Rs.5,150/-. Sri Konakalla Muralidhar was the successful bidder for Plot No. 579. As soon as his bid is confirmed, he has paid up the entire amount of Rs.10,30,000/-. But, however, the plot has not been got registered in his name. Now the said Konakalla Muralidhar has submitted a representation seeking to register the plot in the name of his brother Konakalla Srinivas, as it would be more convenient for his brother Srinivas to use the said plot. Once the entire bid amount has been paid by the auction purchaser and when once he makes a request to consider registering the plot in favour of any of his immediate family members, there may not be any objection in principle for conceding such a request. Sri Konakalla Muralidhar has enclosed for establishing identity proof of himself as well as his brother, copies of the passports held by them. A perusal of the copies of these passports clearly disclose that both of them are sons of Sri Konakalla Sambasiva Rao and their mother’s name is Smt. K.Harikumari and that they are the residents of Guntur in Andhra Pradesh. Since Sri K.Muralidhar is only requesting for registration of the plot in favour of his immediate family member viz., his younger brother, there may not be any opposition in principle for conceding the request of the said individual. I therefore allow this company application and permit and authorize the learned Advocate Commissioners to execute a regular sale deed with regard to Plot No. 579 in Sampath Nagar, earlier called as Southern Paradise Phase II comprising of 200 sq yards in favour of Sri Konakalla Srinivas, at the expense of Sri Konakalla Muralidhar/Sri Konakalla Srinivas and deliver vacant possession of the said plot accordingly. With this, the company application is allowed. No costs. -------------------------------------------- JUSTICE NOOTY RAMAMOHANA RAO Dt : 31.01.2012 KNK