This order allows an application by the Official Liquidator to direct the company liquidator (who filed winding up petition) to deposit Rs. 25,000 towards initial liquidation expenses within four weeks.
Respondent directed to deposit Rs. 25,000 with Official Liquidator within four weeks.
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HON’BLE SRI JUSTICE A. RAJASHEKER REDDY COMPANY APPLICATION NO.1239 of 2014 IN
COMPANY PETITION No.217 OF 2013
ORDER:
At the instance of the respondent herein, the petitioner, company in liquidation, was earlier wound up by orders in C.P.No.217 of 2013 dated 27.07.2014 and Official Liquidator was appointed as Liquidator of the Company. However, as no directions were given in the said order to the petitioner therein to deposit tentatively, token amount towards initial expenses, the Official Liquidator came up with the present application seeking that the respondent, who is the petitioner in C.P.No.217 of 2013, be directed to deposit Rs.25,000/- towards initial expenses with the Official Liquidator.
Notices were ordered and served on the respondent. Heard both sides.
In view of the averments stated in the affidavit filed in support of this application, this application is ordered. The respondent is directed to deposit Rs.25,000/- with the Official Liquidator, within four (4) weeks from the date of receipt of copy of this order.
Accordingly, Company Application is closed.
_____________________________ A. RAJASHEKER REDDY, J
Date: 13.11.2014 dv
ORIGINAL PETITIONER/RESPONDENT
OFFICIAL LIQUIDATOR
A. RAJASHEKER REDDY
As recorded by the court registry
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