Allowed
The Official Liquidator v. nil
Andhra Pradesh HCCOMPA/11/2023
Case brief
AI extract
What is this about?
The Official Liquidator filed a company application under Section 462 of the Companies Act, 1956 seeking to have half-yearly audited accounts and an auditor's report taken on record and to permit the payment of related expenses from company funds. The court allowed the application.
What did the court decide?
The half-yearly accounts and auditor's report were taken on record; the Official Liquidator was permitted to meet costs from available company funds.