The Official Liquidator, Vs Re — Company and Corporate | Andhra Pradesh HC (2026)

The Official Liquidator, Vs Re — Company and Corporate | Andhra Pradesh HC (2026)

What the court decided

AI extract

Outcome

Half-yearly accounts of the company (in liquidation) for 01.04.2023 to 30.09.2023 and the Independent Auditor's Report dated 12.01.2026 by M/s. KBS & Associates taken on record; permission granted to pay the audit fee of Rs.500/- plus GST to the auditor; cost of the application permitted to be met from the available funds of the company (in liquidation) or Estate and Establishment Fund account, subject to reimbursement upon realisation of assets; no order as to costs.

Issue for consideration

Whether the half-yearly accounts of the subject company (in liquidation) for the period 01.04.2023 to 30.09.2023, together with the Independent Auditor's Report dated 12.01.2026 submitted on 21.01.2026 by M/s. KBS & Associates, Chartered Accountants, may be taken on record and permission accorded to pay the audit fee of Rs.500/- plus GST. +1 more

Court's answer

There is no adverse comment on the Statement of Accounts of the said company (in liquidation).

Ratio / Principle

The Half Yearly Account and Auditor's Report of the subject company (in liquidation) can be taken on record, as required under the provisions of the Companies Act, 1956.

Key takeaways

The Company Application is allowed as prayed for, and there is no order as to costs.ratio¶27

Detailed headnote1 paragraphs

Company Application No. 38 of 2026 (High Court of Andhra Pradesh at Amaravati, Special Original Jurisdiction, decided 02.04.2026 by Justice V. Sujatha): The Official Liquidator attached to the High Court of Telangana and Andhra Pradesh, under Sections 462 and 551 of the Companies Act, 1956 read with Rules 306 and 298 of the Companies (Court) Rules, 1959, sought to place on record the half-yearly accounts (01.04.2023 to 30.09.2023) of a company in liquidation together with the Independent Auditor's Report dated 12.01.2026 (submitted 21.01.2026) by M/s. KBS & Associates, Chartered Accountants, prepared pursuant to the Court's order dated 23.12.2025 in C.A.No. 10 of 2025, and requested permission to pay the audit fee of Rs.500/- plus GST and to meet application costs from available funds. Finding no adverse comment on the Statement of Accounts, the Court took the Half Yearly Account and Auditor's Report on record as required under the Companies Act, 1956 and allowed the application as prayed for, with no order as to costs.

APHC010136172026

[3333]

IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction)

THURSDAY,THE SECOND DAY OF APRIL TWO THOUSAND AND TWENTY SIX

PRESENT

THE HONOURABLE SMT JUSTICE V.SUJATHA COMPANY APPLICATION NO: 38 OF 2026

Between:

THE OFFICIAL LIQUIDATOR,, ATTACHED TO THE HONBLE HIGH COURT OF TELANGANA, AND ANDHRA PRADESH, 1ST FLOOR. CORPORATE BHAWAN, BANDLAGUDA, NAGOLE, HYDERABAD500 068

...APPELLANT

AND

Nil

...RESPONDENT

Counsel for the Appellant:

1.T V P SAI VIHARI(SC FOR OFFICIAL LIQUIDATOR)

Counsel for the Respondent:

The Court made the following:

THE HONOURABLE SMT JUSTICE V.SUJATHA COMPANY APPLICATION NO: 38 OF 2026

ORDER:-

This Company Application is filed under Section 462 and 551 of the Companies Act, 1956 read with Rule 306 read with Rule 298 of the Companies (Court) Rules, 1959 seeking the following relief:

“….i) take the half-yearly accounts of the subject company (in liquidation) for the period from 01.04.2023 to 30.09.2023, along with Independent Auditor's Report dated 12.01.2026 submitted on 21.01.2026 by M/s. KBS & Associates, Chartered Accountants on record and permission may be accorded to make the payment of audit fee of Rs.500/- plus GST to the said auditor.

ii) Cost of this application (Court fee Stamps and Notary Charges etc.,) may be permitted to be met out by the Official Liquidator from the available funds of the Company (in liquidation) or Estate and Establishment Fund account if no fund is available in the company’s account subject to reimbursement of the same from the funds of Company (in liquidation) upon realization of assets of the Company (in liquidation), whenever so happened …”

Heard Mr. T.V.P. Sai Vihari, learned counsel for Official Liquidator/ Applicant.

Learned counsel for learned counsel for Official Liquidator/ Applicant would submit that in compliance of the provisions of Section 462 of the Companies Act, 1956 read with Rule 298 and Rule 306 of the Companies (Court) Rules, 1956, the Official Liquidator is enclosing the Half Yearly Accounts for the periods from 01.04.2023 to 30.09.2023, along with

independent Auditor’s Report dated 12.01.2026, which is submitted on 21.01.2026, duly audited by M/s. KBS & Associates, Chartered Accountants, pursuant to the Order of this Court, dated 23.12.2025 in C.A.No. 10 of 2025.

On perusal of the Report, it can be observed that there is no adverse comment on the Statement of Accounts of the said company (in liquidation) and as such, the Half Yearly Account and Auditors Report of Subject Company (in liquidation) can be taken on record, as required under the provisions of the Companies Act, 1956.

For the above reasons, the Company Application is allowed as prayed for. There shall be no order as to costs.

___________________ JUSTICE V.SUJATHA

Date: 02.04.2026

KK