THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1342 of 2010 7th June, 2011 Between :- M/s.Kolla Tirupathirayudu and Changanti Konaiah Tobacco Pvt.Ltd, Rep.by the Official Liquidator, High Court of Andhra Pradesh, Hyderabad .. Applicant And Chaganti Konaiah .. Respondent THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.1342 of 2010 ORDER:- This application has been taken out under Section 481 of the Companies Act, 1956 and Rules 281, 282 and 9 of the Companies (Court) Rules, 1959, by the Official Liquidator representing M/s.Kolla Tirupathirayudu and Changanti Konaiah Tobacco Pvt.Ltd, for dissolution of the Company (in Liqn) and for other ancillary reliefs. By an order dated 26-10-1987, (Court) Rules, 1959, this Court directed for winding up of M/s.Kolla Tirupathirayudu and Changanti Konaiah Tobacco Pvt.Ltd., and appointed the Official Liquidator attached to this Court as its Liquidator to take possession of the assets of the Company (in Liqn). The Official Liquidator took possession of the assets of the Company (in Liqn) and put the same to sale and realized Rs.15,85,000/-. The Official Liquidator invited the claims by issuing notification. In response to the notification, 11 persons placed on record their claims. The Official Liquidator adjudicated the claims of 9 persons while rejecting the claims of 2 persons. The Official Liquidator filed C.A.No.95 of 2009 seeking permission to disburse an amount of Rs.8,49,374-57 P.S., to the 6 unsecured creditors. The said application came to be allowed on 11-2-2009. Accordingly, the Official Liquidator has disbursed the same. Subsequently, this Court by order dated 27-4-2009 in C.A.Nos.36/96 and 95/2009 directed the Official Liquidator to pay the amount to the remaining 3 unsecured creditors of the Company (in Liqn). Accordingly, the Official Liquidator disbursed an amount of Rs.7,99,643-67 P.S. As on this day, the amounts realized by sale of the properties of the Company (in Liqn) have been distributed to the claimaints whose claims have been adjudicated. After adjudicating the claims, an amount of Rs.7,37,773/- is available. Hence, this application seeking dissolution of the Company (in Liqn) and for other ancillary reliefs. Notice to the respondent came to be ordered on 1-12-2010. Notice sent to respondent unserved with endorsement “addressee deceased, hence, returned to sender.” Heard the learned Counsel appearing for the Official Liquidator and perused the material placed on record. The Official Liquidator has taken possession of the assets of the Company (in Liqn) and disposed of the same after obtaining permission of this Court. The sale proceeds have been distributed to the claimants whose claims have been adjudicated upon. An amount of Rs.7,37,773/- is to the credit of the Company (in Liqn). Since all the claims have been settled, no further proceeding is required to be taken up by the Official Liquidator. Accordingly, application is ordered dissolving the Company (in Liqn) w.e.f., today and permitting the Official Liquidator to transfer the balance amount lying to the credit of the Company to the Company (in Liqn) Account after deducting the Auditors Fee and Liquidation expenses. The Official Liquidator is also permitted to pay an amount of Rs.1,350/- to the Chartered Accountants i.e., M/s.Murthy & Kanth towards their fee. Filing of the Final Accounts of the Company is also dispensed with. The Official Liquidator is also permitted to dispoe/destroy the books and records of the Company after expiry of five years from the date of the order. _________________________ B.Seshasayana Reddy, J 7th June, 2011 smr