Telangana High Court
COMPA/1370/2012 of Life Insurance Corporation of India, Vs M/s Southern Pesticides Corporation Ltd., on 31 December 2012
SRI JUSTICE SANJAY KUMAR COMPANY APPLICATI0N No.1370 of 2012 Dated: 31.12.2012 Between: Life Insurance Corporation of India .. Applicant. And M/s. Southern Pesticides Corporation, (in liquidation) rep by the Official Liquidator, High Court of A.P., Hyderabad .. Respondent. Counsel for
THE HON’BLE SRI JUSTICE SANJAY KUMAR
COMPANY APPLICATI0N No.1370 of 2012
Dated: 31.12.2012
Between:
Life Insurance Corporation of India .. Applicant.
And
M/s. Southern Pesticides Corporation,
(in liquidation) rep by the Official Liquidator,High Court of A.P., Hyderabad .. Respondent.
Counsel for the Applicant: Mr.Raj Kiran Bathula Counsel for the Respondent: Mr.M.Anil Kumar The Court made the following:
THE HON’BLE SRI JUSTICE SANJAY KUMAR
COMPANY APPLICATION No.1370 OF 2012
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O R D E R :
This application is filed by the Life Insurance Corporation ofIndia under Rule 177 of the Companies (Court) Rules, 1959, tocondone the delay of 2373 days in submitting its claim application inform No. 66, before the Official Liquidator in respect of its dues fromM/s.Southern Pesticides Corporation, the Company in liquidation.
Para 7 of the affidavit filed in support of the application sets outthe reasons for the delay. As the applicant is in a position to establishits claim against the Company in liquidation through documentation,the delay on its part is not construed to be fatal.
The Company Application No.1370 of 2012 is accordinglyallowed condoning the delay in the submission of form No.66 by theapplicant to the Official Liquidator subject to payment of costs ofRs.1,000/- (Rupees one thousand only) which shall be credited to theEstates and Establishment Fund maintained by the Official Liquidatorattached to this Court. The Official Liquidator shall adjudicate theclaim of the applicant on its own merits in accordance with Law.
------------------------------------------- (SANJAY KUMAR, J)
31[st] December, 2012
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THE HONOURABLE SRI JUSTICE SANJAY KUMAR
COMPANY APPLICATION No.1370 of 2012
DATED: 31.12.2012.
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