THE HON’BLE SRI JUSTICE NOOTY RAMAMOHANA RAO COMPANY APPLICATION No. 776 of 2010 O R D E R: This Application has been taken out by the learned Advocate- Commissioners appointed by this Court to discharge the functions of the liquidators of M/s Southern Continental Contractors Limited, company under liquidation. They have moved this Application under Sections 456 and 457 of the Companies Act, 1956 read with Rule 9 of the Companies (Court) Rules, 1959 seeking permission for execution of the conveyance deed in respect of Plot No. 152A admeasuring 245.30 square yards and Plot No. 153A admeasuring 580.70 square yards aggregating to a total extent of 826 square yards in Southern Paradise Phase III, renamed as Sri Sampath Nagar in favour of Sri M. Bhaskaram, the 1st respondent herein, in consideration of his foregoing all the rights, title and interest over his land to an extent of Ac.0.12.46 guntas in survey No. 725/30, situate at Shamshabad Village and Mandal, Ranga Reddy District. The learned Advocate-commissioners have placed the entire details in the said Application and as to how the necessity has arisen to seek this permission, pursuant to the orders passed by this Court on 05.03.2009 in Company Applications No. 1481 and 1657 of 2007. The learned Advocate-Commissioners have also enclosed the draft conveyance deed as Annexure-F to this Application. I have also perused the draft conveyance deed and the covenants contained therein. I am satisfied that executing the conveyance deed as per the terms and conditions contained in the draft conveyance deed will be in the interest of the company itself. Therefore, this Application is allowed. The learned Advocate- Commissioners are permitted to execute the conveyance deed as desired and sought for in this Application. ---------------------------------- (NOOTY RAMAMOHANA RAO, J) 7th October 2010 ksld