THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1568 of 2011 13th October, 2011 Between :- M/s.Hyderabad Lamps Limited (in Liqn) Rep. By the Official Liquidator High Court of Andhra Pradesh, Hyderabad .. Applicant THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1568 of 2011 ORDER:- This application has been filed by the Official Liquidator representing M/s.Hyderabad Lamps Limited (in Liqn) under Sections 460(4) and 555 of the Companies Act, 1956 read with Rules 9, 167, 275, 276 and 290 of the Companies (Court) Rules, 1959, to declare a dividend @ 6.9423% in a Rupee totaling to Rs.4,99,997.37 to 37 individual workmen, whose claims have been adjudicated, and other ancillary reliefs. This Court by an order dated 1-11-2006 made in R.C.C.No.4 of 2002, directed for winding up of M/s.Hyderabad Lamps Limited and appointed the Official Liquidator attached to this Court as its Liquidator. Land admeasuring Ac.26.20 guntas along with buildings and plant & machinery and the same came to be sold by ICICI Bank for a sum of Rs.4.70 crores to M/s.Kohli Constructions Company by obtaining Recovery Certificate bearing RP No.128/2004 dated 18-5- 2004 in O.A.No.303 of 2002 from the Debt Recovery Tribunal, Abids, Hyderabad. An amount of Rs.1,56,24,472.52 P.S., was deposited by the Debt Recovery Tribunal, Hyderabad, before the Official Liquidator towards workmen dues as per orders of this Court in C.A.No.904 of 2008 dated 15-9-2008. The Official Liquidator invited the claims from the creditors of the Company (in Liqn). This Court appointed Sri M.Ramakanth, Advocate for quantifying the workmen claims vide orders dated 17-6-2008 in C.A.No.549 of 2008. On receipt of report from Sri M.Ramakanth, the Official Liquidator issued notice in Form No.69 to respective representatives of the workmen by admitting their debts against the Company. The Official Liquidator filed a certificate in Form No.71 in respect of workmen. The said certificate has been taken on record vide order dated 25-8-2010 in C.A.Nos.628, 629 and 630 of 2010 and permitted the Official Liquidator to declare and disburse a 1st dividend @ 37.08358% to the eligible workmen whose debts were admitted under secured category. Subsequently, 37 workmen of the Company through their representatives submitted their claims before the Official Liquidator. The Official Liquidator adjudicated their claims and issued notice in Form No.69. The Official Liquidator filed C.A.No.1567 of 2011 for varying the certificate in Form No.71. The said application is being allowed on this day by separate order. 37 workmen are entitled a dividend @ 6.9423 in a Rupee totaling to Rs.4,99,997.37. In that view of the matter, the application is ordered declaring a dividend at 6.9423% in a Rupee totaling to Rs.4,99,997-37 to 37 individual workmen. The Official Liquidator is authorized to send individual notices of dividend in Form No.138 along with proforma receipt to the workmen. The Official Liquidator is permitted to transfer the unpaid dividend, if any, to the Companies Liquidation Account after expiry of six months period, in terms of Section 555 of the Companies Act, 1956. The Official Liquidator is also permitted to pay the dividend of the deceased workmen to his/her legal heirs on furnishing necessary proofs such as legal heir certificate/family member certificate or such other relevant certificate as issued by the concerned authority viz., Mandal Revenue Officer and on production of Indemnity Bond. The Official Liquidator is also authorized to take all necessary follow up action and steps which are incidental to declaration and payment of dividend and to effectively implement the orders of this Court. Accordingly, the Company Application is ordered. _________________________ B.Seshasayana Reddy, J 13th October, 2011 smr