Allowed
The Official Liquidator v. Nil
Andhra Pradesh HCCOMPA/19/2023
Case brief
AI extract
What is this about?
On an application by the Official Liquidator under Section 462 of the Companies Act, 1956, the Court took the half-yearly audited accounts and auditor's report on record, permitted payment of the audit fee, and allowed miscellaneous expenses to be met from the company's funds.
What did the court decide?
The application for taking half-yearly accounts and auditor's report on record and payment of audit fee is allowed; costs and expenses to be met from available company funds.