M/S KIRLOSKAR INVESTMENT & FINANCE LTD. (IN LIQN) v. NIL
Case at a glance
Provisions considered
- Companies Act, 2013 ss. 462, 462(5)
Judgment
THE HON'BLE MR. JUSTICE L. NARAYANA SWAMY COMPANY APPLICATION NO.698 OF 2012 IN COMPANY PETITION NO.2 OF 2000 BETWEEN : M/S KIRLOSKAR INVESTMENT & FINANCE LTD. (IN LIQN) REP BY OFFICIAL LIQUIDATOR HIGH COURT OF KARNATAKA, CORPORATE BHAVAN 12TH FLOOR, RAHEJA TOWERS, NO.26-27, M.G. ROAD, BANGALORE-01 ...APPLICANT ( By Sri. K S MAHADEVAN & V JAYARAM, ADVOCATES FOR OFFICIAL LIQUIDATOR ) AND : NIL ...RESPONDENT This Application is filed by the Official Liquidator under Section 462 of the Companies Act, 1956 read with Rules 11(b) & 298 of the Companies (Court) Rules, praying to appoint an auditor to audit the accounts of the Official Liquidator for the half year ending 31.3.2012 and fix his remuneration and dispensing with the requirement of Section 462(5) of the Companies Act. This application coming on for orders, this day, the Court made the following: 2
O R D E R Audit report 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 08 Jun 2007. The bench was L NARAYANA SWAMY.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.