M/S Karnataka State Textile Mills Ltd. (in Liqn) v. Nil
Case brief
What is this about?
The High Court of Karnataka considered an application for appointing an auditor to audit the official liquidator's accounts and fix remuneration. The court accepted the filed audit report, approved fees per court schedule, dispensed with physical account copies to creditors, and disposed of the application.
What did the court decide?
Audit report taken on record; auditor fees approved as per court schedule; requirement to send printed accounts to creditors dispensed.