ROAD v. NIL

M/S KARNATAKA FINANCIAL SERVICES LTD., (IN LIQN). REPRESENTED BY OFFICIAL LIQUIDATOR, HIGH COURT OF KARNATAKA, CORPORATE BHAVAN, 12TH FLOOR, RAHEJA TOWERS, NO.26-27, M G ROAD, BENGALURU - 560 001. (BY SRI K S MAHADEVAN, ADVOCATE FOR OL) …APPLICANT AND: NIL …RESPONDENT 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 TO APPOINT AN AUDITOR TO AUDIT THE ACCOUNTS OF THE OFFICIAL LIQUIDATOR FOR THE HALF YEAR ENDING 30.09.2023 AND FIX HIS REMUNERATION; AND ETC. THIS COMPANY APPLICATION COMING ON FOR ORDERS THIS DAY, THE COURT MADE THE FOLLOWING: Digitally signed by PRAMILA G V Location: HIGH COURT OF KARNATAKA - 2 - NC: 2024:KHC:1387 CA No. 397 of 2023 IN COP No. 178 of 2004 The application is listed for appointment of an auditor as ORDER required under Section 462 of the Companies Act, 1956.

M/s Guru & Jana, #41, Patalamma Temple Street, Basavanagudi, Bengaluru - 560 004, whose name finds in the list furnished to the Court by the Official Liquidator is appointed as the auditor to audit the accounts of the Official Liquidator as prayed in the application. The auditor is required to furnish the report within a period of four weeks from the date of receipt of this order.

Insofar as the remuneration payable, the official liquidator, after consideration of the nature of work involved would place a proposal keeping in mind the settled guidelines towards payment of professional fee to the Chartered Accountant. On such proposal for fee being placed after the report is submitted, the Court would proceed to pass appropriate orders. Accordingly, C.A.397/2023 is disposed of. BRN/ List No.: 2 Sl No.: 28 Sd/- JUDGE