Official Liquidator seeks to appoint an auditor and fix remuneration. The High Court of Karnataka dispenses with notice to creditors and contributories, permitting upload of reports, and allows payment of fees per court guidelines.
Dispensation of notice to creditors and contributories; permission to pay auditor's fee.
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IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF FEBRUARY, 2022
BEFORE
THE HON'BLE MR.JUSTICE S. SUNIL DUTT YADAV
COMPANY APPLICATION NO.439/2021 IN COMPANY PETITION NO.158/2002
BETWEEN:
M/S. RAYOTS TEXTILES AND OILS PVT. LTD., (IN LIQN.), REPRESENTED BY OFFICIAL LIQUIDATOR, HIGH COURT OF KARNATAKA, CORPORATE BHAVAN, 12TH FLOOR, RAHEJA TOWERS, NO.26-27, M.G. ROAD, BENGALURU - 560 001. … APPLICANT
(BY SRI. K.S.MAHADEVAN, ADVOCATE)
AND:
NIL … RESPONDENT
THIS COMPANY APPLICATION IS FILED UNDER SECTION 462 OF THE COMPANIES ACT, 1956 READ WITH RULES 11(B) AND 298 OF THE COMPANIES (COURT) RULES, 1956, PRAYING TO APPOINT AN AUDITOR TO AUDIT THE ACCOUNTS OF THE OFFICIAL LIQUIDATOR FOR THE HALF YEAR ENDING 30.09.2021 AND FIX HIS REMUNERATION, AND ETC.
THIS COMPANY APPLICATION COMING ON FOR ORDERS THIS DAY, THE COURT MADE THE FOLLOWING:
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ORDER
The Official Liquidator has filed an application placing on record half yearly audit report as contemplated under Section 462 of the Companies Act, 1956. The same is taken note of.
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in terms of the guidelines settled by this Court relating to payment of auditor’s fee for their services rendered.
Sd/-
JUDGE
VP
2 issues framed by the court
Whether the notice for audit confirmation to creditors and contributories be dispensed with.
Whether permission be granted to the Official Liquidator for payment of auditor's fee.
3 provisions across 2 enactments
M/S. Rayots Textiles And Oils Pvt. Ltd. (In Liqn.)
Official Liquidator
S. Sunil Dutt Yadav
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court