Allowed¶27

The Official Liquidator v. nil

Andhra Pradesh HC1 Apr 2026COMPA/40/2026

Case brief

AI extract

What is this about?

Official Liquidator; company in liquidation; half-yearly accounts 01.04.2023 to 30.09.2023; Independent Auditor's Report dated 12.01.2026; M/s. KBS & Associates Chartered Accountants; audit fee Rs.500/- plus GST; Section 462; Section 551; Companies Act, 1956; Rule 298; Rule 306; Companies (Court) Rules, 1959; C.A.No. 40 of 2026; order dated 23.12.2025 in C.A.No. 10 of 2025; High Court of Andhra Pradesh at Amaravati; Justice V. Sujatha; administrative company application allowed.

What did the court decide?

Half Yearly Accounts of the company (in liquidation) for 01.04.2023 to 30.09.2023, along with the Independent Auditor's Report dated 12.01.2026 by M/s. KBS & Associates, taken on record; permission accorded to pay the audit fee of Rs.500/- plus GST to the auditor; application costs permitted to be met from available funds as prayed for.

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

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APHC010136392026

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[3333]

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

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

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PRESENT

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THE HONOURABLE SMT JUSTICE V.SUJATHA COMPANY APPLICATION NO: 40 OF 2026

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Between:

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THE OFFICIAL LIQUIDATOR, ATTACHED TO THE HONBLE HIGH COURT OF TELANGANA, AND ANDHRA PRADESH, 1ST FLOOR. CORPORATE BHAWAN, BANDLAGUDA, NAGOLE, HYDERABAD - 500068

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...APPELLANT

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AND

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NIL,

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...RESPONDENT

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Counsel for the Appellant:

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

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Counsel for the Respondent:

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The Court made the following:

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THE HONOURABLE SMT JUSTICE V.SUJATHA COMPANY APPLICATION NO: 40 OF 2026

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ORDER:-

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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:

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“….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.

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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 …”

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

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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

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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.

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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.

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

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___________________ JUSTICE V.SUJATHA

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Date: 02.04.2026

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The Official Liquidator v. nil

Case brief

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The Official Liquidator v. nil

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