THE HON'BLE MR JUSTICE G.V.SEETHAPATHY COMPANY APPLICATION No :488 of 2010 DATED:29-06-2010 ORDER: This application under Rules 9 & 177 of the Companies (Court) Rules, 1959 (for brevity, ‘the Rules’) is filed by the applicant seeking condonation of the delay of 1460 days in filing the claim petitions before the Official Liquidator. 2. Learned counsel representing the Official Liquidator filed a report in O.L.R.No.289 of 2010, stating no objection for condonation of delay. It is further stated in the said report that four more subscribers have also approached the Official Liquidator saying that they do not have sufficient means to approach the Court for seeking the relief under Rule 177 of the Rules as they are all small chit subscribers and the said delay in their approaching the Official Liquidator for making the claims may also be condoned. 3. For the reasons stated in the affidavit, filed in support of the application, the delay of 1460 days in filing the claim petition before the Official Liquidator is condoned. 4. For the reasons stated in the report of the Official Liquidator and having regard to the fact that the four claimants, namely M.Janardhan; M.Shyam Sunder; M.Latha and Damodar were all small chit subscribers and the amount claimed by them is also meager, it is considered that the delay in their approaching the Official Liquidator for adjudication of their claims be also condoned and the Official Liquidator may entertain their claims as well and adjudicate the same. 5. Accordingly, this application is allowed. _______________________ G.V.SEETHAPATHY,J 29th June, 2010. Tsy