THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.2011 of 2010 in Company Petition No.12 of 1999 Dated:21st April, 2010 Between: M/s. The Mercantile Benefit Corporation (in liquidation) rep. by the Official Liquidator, High Court o A.P., Hyderabad. ….Applicant AND 1. Sri Marpuri Bhaskar & Anr. …Respondents **** THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.2011 of 2009 in Company Petition No.12 of 1999 ORDER: This Company Application has been filed by the Official Liquidator representing M/s.The Mercantile Benefit Corporation (in liquidation) seeking permission to take possession of the mortgaged properties mentioned in Mortgager Deed dated 24.02.1996. 2. The Official Liquidator also filed Company Application No.2012 of 2009 seeking a decree basing on the mortgage deed dated 24.02.1996. The said application is allowed granting three months time for making the payment of the decretal amount. 3. Hence, this Company Application is dismissed as pre- mature reserving the liberty to the Official Liquidator to move the application in the event of the respondents failing to pay the amount within the period allowed to them as per Orders passed in C.A.No.2012 of 2009. No costs. ______________________ B.SESHASAYANA REDDY, J. Date:21st April, 2010. cs THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.2011 of 2009 in Company Petition No.12 of 1999 Dated:21st April, 2010