M G ROAD v. NIL
Case at a glance
- Bench
- ASHOK S KINAGI
- Neutral citation
- 2024:KHC:52892
Outcome
Disposed of
application is disposed of
Provisions considered
- Companies Act, 2013 ss. 462, 462(5)
Key paragraphs
- Para 22. The Audit report is accepted for the reasons stated therein and notice the creditors and contributories contemplated under Section 462(5) of the Companies Act, 1956, is dispensed with on the submission of the Official liquidator as the assurance this Audit report would be hosted…
- Para 44. The Official Liquidator is directed to make payment of the fees to the Chartered Accountant as - 3 - NC: 2024:KHC:52892 CA No. 343 of 2024 IN COP NO.2/2014 ordered by this Court earlier. Accordingly, Company application is disposed of. Sd/- (ASHOK S.KINAGI) JUDGE…
Judgment
REPRESENTED BY OFFICIAL LIQUIDATOR, HIGH COURT OF KARNATAKA, CORPORATE BHAVAN, 12TH FLOOR, RAHEJA TOWERS, NO.26-27, M G ROAD, BENGALURU 560001 (BY SRI. SHRISHAIL NAVALGUND., ADVOCATE FOR OL) …APPLICANT AND:
NIL …RESPONDENT KUMARI Location: HIGH COURT OF KARNATAKA THIS COMPANY APPLICATION IS FILED UNDER SECTION 462(5) OF THE COMPANIES ACT, 1956 R/W RULES 11(B) AND 298 OF THE COMPANIES (COURT) RULES, 1959, PRAYING THIS HON'BLE COURT TO:TO APPOINT AN AUDITOR TO AUDIT THE ACCOUNTS OF THE OFFICIAL LIQUITATOR FOR THE HALF YEAR ENDING 31.03.2024 AND FIX THE REMUNERATION. THIS COMPANY APPLICATION, COMING ON FOR FINAL HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE ASHOK S.KINAGI - 2 - NC: 2024:KHC:52892 CA No. 343 of 2024 IN COP NO.2/2014 ORAL ORDER Official Liquidator has filed an application placing on record, Audit report as contemplated under Section 462 of the Companies Act, 1956.
The Audit report is accepted for the reasons stated therein and notice the creditors and contributories contemplated under Section 462(5) of the Companies Act, 1956, is dispensed with on the submission of the Official liquidator as the assurance this Audit report would be hosted in the Official Liquidator's website so as to enable the inspection by the creditors and contributories in terms of Rule 304 of the Companies (Court) Rules,
Notice is dispensed with taking note of the undertaking.
Operative part
The Official Liquidator is directed to make payment of the fees to the Chartered Accountant as - 3 - NC: 2024:KHC:52892 CA No. 343 of 2024 IN COP NO.2/2014 ordered by this Court earlier. Accordingly, Company application is disposed of. Sd/- (ASHOK S.KINAGI) JUDGE RCK List No.: 1 Sl No.: 14
Questions this judgment answers
What did the Court decide in this case?
The Court recorded the following disposition: application is disposed of
Which statutory provisions did this judgment involve?
Companies Act, 2013 — ss. 462, 462(5).
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.