THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1071 of 2005 in R.C.C.No.14 of 1998 Dated: 23rd March, 2010 Between: Vaishu Engineering Industries Limited ( in liquidation) rep. by the Official Liquidator, High Court of A.P., Hyderabad. …Applicant a n d 1. A.P. Industrial Development Corporation rep. by its Chairman, Chirag Ali Lane, Abids, Hyderabad & Ors. …Respondents *** THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1071 of 2005 in R.C.C.No.14 of 1998 ORDER: In view of the Common Judgment dated 10.07.2007 passed by the Division Bench in O.S.A.Nos.29 and 46 of 2006, the Official Liquidator considered the claims of the workmen and quantified the amount payable to the workmen out of the sale proceeds as Rs.35,33,363/-. It is needless to mention that the secured creditors have to deposit the amounts indicated in the 1st report of the Official Liquidator vide. OLR No.463 of 2008, dated 12.09.2008. Para.4 of the said report reads as hereunder: “4. That as per the information submitted by the secured creditors as to their outstanding dues as on the date of the winding up order, the Official Liquidator quantified the workmen portion at Rs.35,33,363/- the workings of which are shown in the enclosed statement (as Annexure-A). That the said workmen portion of Rs.35,33,363/- is liable to be paid by the Secured Creditors in the following manner: 1. APIDC Rs.17,47,799/- 2. APSFC Rs.10,90,442/- 3. SBI Rs. 1,09,538/- 4. IIBI Rs. 5,85,584/- ---------------- Rs.35,33,363/- -----------------“ 2. Since the Official Liquidator has already quantified the amount required to be deposited by the secured creditors, no further orders are required to be passed in this application. 3. Accordingly, the Company Application is closed. _____________________ B.SESHASAYANA REDDY, J Date:23rd March, 2010. cs THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1071 of 2005 in R.C.C.No.14 of 1998 Dated:23rd March, 2010