THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1575 of 2011 15th November, 2011 Between :- Kotak Mahindra Bank Ltd., Asset Reconstruction Division, 487, 9th Main Road, 1st Floor, Heera Paradise, 4th Block, Jayanagar, Bangalore, Rep.by its Senior Manager – H.Ramesh Kumar ..Applicant And M/s.Tirumala Technologies Ltd. (In Liqn) Rep.by the Official Liquidator High Court of A.P., Hyderabad .. Respondent THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1575 of 2011 ORDER:- This application has been filed under Section 529 A of the Companies Act, 1956 read with Rule 338 of the Companies (Court) Rules, 1959, seeking direction to the respondent to reimburse an amount of Rs.6,12,300/- towards the expenses incurred towards advertisement charges and watch and ward charges. Mr.H.Ramesh Kumar has sworn to the affidavit filed in support of the application. It is stated in para 4 of the affidavit that an amount of Rs.3,17,300/- has been spent towards watch and ward of the respondent Company (in Liqn) during the period from September, 2008 to June, 2011 and further sum of Rs.2,95,000/- has been spent towards advertisement charges. The Official Liquidator placed on record his report vide OLR.No.269 of 2011. It is stated in the report that the Official Liquidator has no objection for allowing the claim of the applicant towards priority expenses to a tune of Rs.6,12,300/-. In view of the report, the application is ordered directing the respondent to reimburse an amount of Rs.6,12,300/- to the applicant. _________________________ B.Seshasayana Reddy, J 15th November, 2011 smr