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High Court for State of TelanganaCOMPA/1455/2015allowed no costs

M/S. Sree Pujitha Chit Fund (P) Limited (In Liqn.) v. -

2015-09-21C.V.Nagarjuna Reddy2 pages

The Hon'ble Sri Justice C.V.Nagarjuna Reddy Company Application No.1455 of 2015 Date: 21.09.2015 Between:

M/s.Sree Pujitha Chit Fund (P) Limited (in liqn.) rep. by the Official Liquidator ..... Applicant Counsel for the applicant: Sri M.Anil Kumar, Counsel for OL The Court made the following:

O r d e r :

This Company Application is filed for the following reliefs:

"i. permit the Official Liquidator to invite the claims from the creditors of the Company (in Liqn.) under Section 528 of the Companies Act, 1956 read with Rules 139, 147, 148, 159, 160, 163, 173 & 174 of the Companies (Court) Rules, 1959.

ii.

permit the Official Liquidator to advertise the notice to invite the claims in the daily newspapers of "Andhra Jyothi"

& "Indian Express"

or any other newspapers as this Hon'ble Court may

deem fit and proper having circulation at Hyderabad, Vijayawada, Rajahmundry, Guntur, Visakhapatnam and Kakinada.

iii. permit the Official Liquidator to dispense with issuance of Notice pursuant to Rule (2) of the Companies (Court) Rules, 1959 to the creditors whose details are not available in the Statement of Affairs filed by the ExManagement of the Company (in Liqn.) iv. permit the Official Liquidator to incur necessary advertisement and other incidental charges from and out of the available funds of the Company (in Liqn.).

v. permit the Official Liquidator to exercise all the powers required for adjudication of claims.

vi. order that the costs of this application do come out of the assets of the Company (in Liqn.)"

After hearing Mr.M.Anil Kumar, learned Counsel for the Official Liquidator, and having regard to the facts and circumstances of the case, this Company Application is allowed as prayed for. ______________________ (C.V.Nagarjuna Reddy, J) Dt: 21st September, 2015 Lur