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3. According to the sale notice, Mr. D. S. Shekhawat was required to pay full and final payment within thirty days from the date of acceptance of the offer before the Hon'ble Court. However, as he could not make the full and final payment, he filed an application, namely Company Application No.68/2015, before this Court for extension of time. By order dated 16.01.2015, this Court extended the time, and directed Mr. D. S. Shekhawat to pay the balance amount in two installments: first installment of Rs.2,00,00,000/- to be paid by 28.01.2015, and the balance amount to be paid on or before 10.02.2015. Consequently, Mr. D. S. Shekhawat made both the payments to the Official Liquidator by 10.02.2015. Subsequently, Mr. D. S. Shekhawat informed the Official Liquidator that he has entered into a Memorandum of Understanding ('MOU', for short) with M/s. Valmark Realty Holding Pvt. Ltd., for the said flat. Therefore, he had requested the Official Liquidator to execute the Sale Deed in favour of his nominee.

4. Unfortunately, on 06.01.2017, Mr. D. S. Shekhawat expired. Therefore, the present application has been moved by his legal representatives with the prayer that the Official Liquidator should be directed to execute a proper Conveyance Deed to the applicant's nominee, namely M/s Valmark Realty Holding Pvt. Ltd., represented by its Managing Director, Mr. Ratan Lath, with respect to the flat mentioned herein above.

5. Mr. Shashikiran Shetty, the learned Senior Counsel for the applicant, submits that in case of B. Himanthraju Setty V. Corporation of the City of Bengaluru, [AIR 1954 Mysore 145,] this Court has clearly observed that the filing of an application under Section 55(1)(d) of Transfer of Property Act, is merely to execute a proper conveyance, and the Section being silent as to the person in whose favour the conveyance is to be executed, the seller is, therefore, bound to execute a proper conveyance to the purchaser's nominee.

9. Since the amount due for the said flat has already been paid by the late Mr. D. S. Shekhawat, since Mr. D.S. Shekhawat had entered into a 'MOU' with M/s. Valmark Realty Holding Pvt. Ltd., since in similar circumstances in the case of C. Ramaiah Reddy (Supra), this Court had already directed the Official Liquidator to execute a proper conveyance in respect of the nominee of the applicant therein, this Court also directs the Official Liquidator to execute a proper conveyance with respect to the aforementioned flat in favour of M/s. Valmark Realty Holding Pvt. Ltd., within a period of two weeks from the date of receipt of the certified copy of this order.