The Circar Paper Mills Workers and another v. M/s. Circar Paper Mills Limited (In Liquidation)
Court: High Court for State of Telangana
Bench: MOUSHUMI BHATTACHARYA
Judgment date:
Case summary
High Court for State of Telangana judgment dated 2024-12-09. The Circar Paper Mills Workers and another v. M/s. Circar Paper Mills Limited (In Liquidation)....
Judgment text
[ 3405 ] IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD MONDAY, THE NINTH DAY OF DECEMBER TWO THOUSAND AND TWENTY FOUR PRESENT THE HONOURABLE JUSTICE MOUSHUMI BHATTACHARYA COMPANY APPLICATION No. 11 2 ot 2022 IN REFERRED GOMPANY CASE NO: 20 0F 2000 ln the mafter of M/s. Circar Paper Mills Limited (ln Liquidation) And ln the matter of Companies Act, 1956 Between: 1 The Circar Paper Mills Workers, Union Regd. No C-995, Peda Padugupadu Kovur Mandal, Nellore Diskict Rep. by General ? 9. 1 Se-retary, Sri P. Venkateswarlu S/o Subbaiah, D. No. 3-42, Maseed Street Peda Padugu Padu, Kovur, Nellore - 524'137 2 Sri D. Raghunatha Reddy, Age 47 Years, Worker of Mis. Circar Paper Mills Ltd , S/o. Ramana Reddy D. No. 20l1-a, lragalamma Sangam, Koturu lragalamma Temple Road, Nellore - 524001 Representing another 54 workers. ... Applicants AND M/s.
Circar Paper Mills Limited (ln Liquidation), Represented by its Official Liquidator Attached to this Honourable High Court 1st Floor, Corporate Bhavan Bandlaguda, Nagole, Hyderabad. ... Respondent Application under Section 151 of C. P. C. R/w g of Companies (Court) Rules, 1959 praying that{his Hon'ble court may be pleased to: direct the Official Liquidator of M/s. Circar Paper Mills Limited (in liquidation) to declare and pay the dividend to 180 Plus 55 workers amounting to Rs. 52,46,575-97 ps. and Rs. 'l5,B l . 021-23 ps. respectively, which is 36. 22953 percent @ of their admitted secured debt towarda 1 00 Percent satisfaction of their secured debt. _ direct the Official Liquidator of M/s. Circar Paper Mills Limited (in liquidation) to declare and pay the dividend towards 4 Percent p. a. interest on their admitted secured debt to '180 Plus 55 workers. -'l direct the official Liquidator to pay the said dividend amounts at the earliest.
as the workers have been starving to live their lifes; This application coming on for orders, upon reading the Judge's summons and the affidavit dated 07. 09. 2024 filed by sri P. venkateswarlu, General secretary fo the circular Paper Mills worker's union in support of the company Application and upon hearing the arguments of sri J. srinadh Reddy, counsel for the official Liquidator for the Respondent and of none appeared for the applicants- The Court made the following: ORDER f- . r. *. *? ,-. c? F- THE HON'BLE JUSTICE MOUSHUMI BHATTACHARYA COMPANY APPLICATION NO. 112 OF 2022 IN REFERRED COMPANY CASE NO. 2O OF 2OOO ORDER No one appears for the applicants. 2. This is the second consecutive date when the applicants are unrepresented. 3. Company Application No. 1 12 of 2022, along u ith all connected applications, 1S accordingly dismissed for dcfault. Interim orders, if any, shall stand vacated. There shail be no orde as to costs KER I Sd,. M.
VIJAYA BHA RAR / JOINT REGI /ffRUE COPY// SECTION OFFICER To, Office at 1st floor' ' M/s' Circar Paper' Mills Liquidator' llTOd 1 The fficial -500068' N agoG' Hyderabad tl];g'd-;' oI coroorate Bhawan' e" Govemment borporate Affairs' ot cornpiniBii'riti"irv 2 The Registra "f Thattiannaram Nag-ole' floor ctrptil;'il;an' "Reddy state lndia 2nd 'Banrllaouda' Distri-ct' Telangana Villaoe Havathnagar'fi;;;i''R;"sa Ministry or corporate south Eastern l"sl"l . ? i[""J&l"t'"ftB''""to'' NTorg; t^1l,1fi*il"r:Htil[1'3il Bh;*;;, co,poiatJ Arrairs, 3d Roo, - Reddv L. rt: Mandal' Ranga Havathnagar ? ift; Srln [S;iltj1'5? #dl'::,$"'i0'3lo:,? i,]til. nT,i,. "ff"*':{:. "'i:'r,S}lXfl6 one CC to Sri J tor at HYderabad IOPUCI 6. Two CD CoPies DUgh- w . -', c -:-t l. 1a+e:6 HIGH COURT DATED:0911212O24 1 HE STAI ( z 2 i 0E[ 202{ o a . t, i 1t\l ORDER ". =' COMPANY APPL ICATION N o. 112 ot 2022 IN REFERRED COMPANY CASE NO: 20 OF 2000 COMPANY APPLICATION IS DIMISSED FOR DEFAULT. g. rf"a Y,r- . ---{6,\(
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