M/S W S Telesystems Pvt. Ltd. (in Liqn) v. Nil
Case brief
What is this about?
The Karnataka High Court accepted the audit report filed by the Official Liquidator for M/s W S Telesystems Pvt Ltd. The court dispensed with the notice to creditors in terms of Rule 305 of the Companies (Court) Rules, 1959, based on the undertaking that the report would be web-hosted for inspection.
What did the court decide?
Audit report accepted; notice to creditors dispensed with; directive to pay fees to Chartered Accountant.