✦ Telangana High Court

Company Application No. 114 of 2025 · The High Court

Company Application No. 114 of 2025K LAKSHMAN3 min read

Case at a glance

Provisions considered

Judgment

The Official Liquidator, attached to the Hon'ble High Court of Telangana, and Andhra Pradesh, 1'' floor, Corporate Bhawan, Bandlaguda, Nagole, Hyderabad -500068 ,..APPLICANT Company Application Under Section 462 of the Companies Act, 1956 read with Rule 298 and Rule 306 of the Companies ( Court ) Rules, 1959 praying that this Hon'ble Court may be pleased to an order to. i. ii. take the half-yearly accounts of the subject company (in liquidation) for the period from 0110412023 to 3010912023, along with lndependent Auditors' Report datdd 2710512025 submitted on 03/06/2025 by M/s. Padmanabha Rao and Co., Chartered Accountants on record and permission may be accorded to make the payment of audit fee of Rs.500/- plus GST to the said auditor. cost of this application (Court fee Stamps and Notary Charges etc.,) may be permitted to be met out by the Official Liquidator from the available funds of the company (in liquidation) or Estate and Establishment Fund account if no fund is available in the company's account; subject to reimbursement of the same from the funds of Company (in liqn) upon realization of assets of the Company (in liqn), if any This Application coming on for orders upon reading the Judge's Summons and the affidavit dated 30i06/2025 filed by Sri Uttam Kumar Sahoo, . Official Liquidator, in support of this Company Application and upon hearing the arguments of Sri J. SREENATH REDDY, Counsel for Official Liquidator on behatf of the Applicant. THE COURT MADE THE: FOLLOWING ORDER I I .I'HIi IIONOUR.\I}LE SRI .I IJSTI(]E K. I,AKSI IMAN ! ('ONIPANY APPI,ICATION No. I 14 of 2025 in lt. (.(1. ol 199,1 ORDER: Hearcl Sri .l.Sreenath l{cddy, learned counsel for the Ollrcial Liquiqlator.

2.

Havjng satisfied with the reasons mentioned in the suppofting affidavit, and upon considering the half-yearly accounts filed by thc learned Of'flcial Liquidator, this apptication is orderccl u,ith the lbllowins:- a. The halt'-yearly accounts of the subject Company, which is in liquidation for the period Iiom 01.04.2023 to 30.09.202i, along witlr Independent Auditor's Report dated 27.05.2025 subnritted on 03.06.2025 by M/s. Padmanabha Ilao & Co.. Charlered Accountants, are taken on record. b. Pennission is accorded to the learned Official Liquidator to pay an audit fee of Rs.500/- plus GST to the Auditor. c. Pernrission is also accorded to the learned Official Liquidator to make the said payment frorn the available funds of the Company (in liquidation), or fiom the Estate and Establishment Fund account if no lund is available in thc Company's account, subject to reimbursement from thc --7 2 funds of Company (in liquiclation) upon realization of its a ssct s Sd/- B. SATYAVATHI OINT REGISTRAR I //TRUE COPY/i \ i I.l TION OFFIC]ER To 1. The Official Liquidator M/s. R.G. Foundry Forge Limited (ln Liqn) High Court at Hyderabad for the state of Telangana, 1tt Floor Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, HayathnagarMandal, Ranga Reddy District, Telangana State, Pin Code 500 680.

2. The Registrar of Companies, Ministry of Corporate Affairs, Government of lndia, 2nd Floor. Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, Hayathnagar Mandal, Ranga Reddy District, Telangana State, Pin Code 500 680.

3.

The Regional Director, South Eastern Region, tvlinistry of Corporate Affairs, 3'd Floor Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, Hayathnagar lrlandal, Ranga Reddy District, Telangana State, Pin Code 500 680

4.

One CC to Sri J. Sreenath Reddy, Counsel for Official Liquidator, at Hyderabad (OPUC)

5.

Two C.D.Copies Kul/PSL Y't- i:l;- I,rA, !: t) i i1 29 0[I P5 (1 t a .\ .-, a,/ HIGH COURT DATED:06/08/2025 ORDER COMPANY APPLICATION No. 114 ot 2O25 t\ R.C.C].\o. 06 ol' l9(.t{ OIIDERING THE (]()\IPANY APPLTCATION + .r6a #* €

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