M/S.INDIA HOLDING PVT. LTD., (TOURWELL TRAVELS PVT. LTD.,)(IN LIQN.) v. NIL
Case at a glance
Provisions considered
- Companies Act, 2013 ss. 462, 462(5)
Key paragraphs
- Para 20072007. The same may be permitted to be paid to the Auditors. The requirement, as contemplated under Section 462(5) of the Companies Act, 1956, is dispensed with. Application is accordingly disposed of. SD/- JUDGE
Judgment
THE HON'BLE MR. JUSTICE L.NARAYANA SWAMY COMPANY APPLICATION No.777 OF 2012 IN COMPANY PETITION No.26 OF 2008 BETWEEN : M/S.INDIA HOLDING PVT. LTD., (TOURWELL TRAVELS PVT. LTD.,)(IN LIQN.), REPRESENTED BY OFFICIAL LIQUIDATOR HIGH COURT OF KARNATAKA, CORPORATE BHAVAN, 12TH FLOOR, RAHEJA TOWERS, NO.26-27, M.G.ROAD, BANGALORE-560 001. (By Sri K S MAHADEVAN & V JAYARAM, ADVS. FOR OL) ...APPLICANT AND : NIL ...RESPONDENT THIS COMPANY APPLICATION IS FILED UNDER SECTION 462 OF THE COMPANIES ACT, 1956, R/W RULES 11[b] & 298 OF THE COMPANIES [COURT] RULES, 1956, PRAYING FOR APPOINTING AN AUDITOR TO AUDIT THE ACCOUNTS OF THE OFFICIAL LIQUIDATOR FOR THE HALF YEAR ENDING 31.03.12 AND FIX HIS REMUNERATION AND DISPENSING WITH THE REQUIREMENT OF SECTION 462[5] OF THE COMPANIES ACT, 1956 AND ETC., THIS APPLICATION COMING ON FOR ORDERS, THIS DAY, THE COURT MADE THE FOLLOWING: 2 O R D E R Audit report for the period half year ending 31st March 2012, submitted on behalf of the Official Liquidator is accepted. As regards Auditors fee is concerned, the same is fixed by order dated 8th June 2007 passed in OLR No.211 of
#2007. The same may be permitted to be paid to the Auditors. The requirement, as contemplated under Section 462(5) of the Companies Act, 1956, is dispensed with. Application is accordingly disposed of. SD/- JUDGE
Questions this judgment answers
Which statutory provisions did this judgment involve?
Companies Act, 2013 — ss. 462, 462(5).
Which court decided this case, and when?
Karnataka High Court, on 31 Mar 2012. The bench was L NARAYANA SWAMY.
Precedent status how later indexed judgments have treated this case
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