The Official Liquidator v. Nil
Case brief
What is this about?
Andhra Pradesh High Court at Amaravati; Company Application No. 11 of 2026; Official Liquidator attached to High Court of Telangana and Andhra Pradesh v. NIL; Justice V.Sujatha; decided 13.02.2026; Companies Act 1956 Sections 462 and 551; Companies (Court) Rules Rules 298 and 306; half-yearly accounts 01.10.2022 to 31.03.2023; Auditor's Report dated 12.01.2026 by M/s KBS and Associates, Chartered Accountants; audit fee Rs.500 plus GST; exemption from annual/final accounts FY 2022-23; earlier order dated 03.01.2024 in C.A.No. 51 of 2023; application allowed; no order as to costs.
What did the court decide?
Company Application allowed as prayed for: half-yearly accounts of the company (in liquidation) for 01.10.2022 to 31.03.2023 with the Auditor's Report dated 12.01.2026 of M/s KBS and Associates taken on record; audit fee of Rs.500/- plus GST permitted to be paid to the auditor; cost of the application permitted to be met from available funds of the company (in liquidation) or the Estate and Establishment Fund account, subject to reimbursement upon realization of assets; exemption granted from filing annual/final accounts for FY 2022-23 under Section 551 of the Companies Act, 1956; no order as to costs.