CMSA/3/2012 of Karri Venkata Reddy Vs Sathi Nagi Reddy

APHC010566922012 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI [3311] (Special Original Jurisdiction) WEDNESDAY, THE TWENTY SECOND DAY OF JANUARY TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE MS JUSTICE B S BHANUMATHI CIVIL MISCELLANEOUS SECOND APPEAL NO: 3/2012 Between: Karri Venkata Reddy and Others ...APPELLANT(S) AND Sathi Nagi Reddy and Others ...RESPONDENT(S) Counsel for the Appellant(S): 1. N SIVA REDDY Counsel for the Respondent(S): 1. P RAJESH BABU The Court made the following: 2 BSB, J C.M.S.A.No.3 of 2012 JUDGMENT: This appeal under Section 75 of the Provincial Insolvency Act, 1920, by the respondents 3 to 6 in I.P.No.17 of 2005 on the file of the Court of the Senior Civil Judge, Ramachandrapuram, against the judgment and decree, dated 02.11.2011, passed in A.S.No.197 of 2009 on the file of the Court of 1st Additional District Judge, Rajahmundry, allowing the appeal in part setting aside the order, dated 03.08.2009, of the Senior Civil Judge, Ramachandrapuram, in I.P.No.17 of 2005 adjudging the 1st respondent in the insolvency petition as insolvent and granting six months time for discharge while declining the relief of annulment of transactions covered by origi