The High Court of Karnataka disposed of an application by the Official Liquidator to appoint an auditor and fix remuneration. The court accepted the audit report and dispensed with notice to creditors under Rule 305.
Application disposed; audit report accepted; notice to creditors dispensed due to web-hosting undertaking; direction to pay CA fees.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 5TH DAY OF APRIL, 2023
BEFORE
THE HON'BLE MR JUSTICE KRISHNA S DIXIT
CA NO.462/2022 IN COP NO.108/2002
BETWEEN:
M/S TULUNADU FINANCE AND DEVELOPMENT 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:
Digitally signed by SHARADA VANI B Location: HIGH COURT OF KARNATAKA
NIL
…RESPONDENT
THIS APPLICATION IS FILED UNDER SECTION 462(5) OF THE COMPANIES ACT, 1956 R/W RULE 11(B) & 298 OF THE COMPANIES (COURT) RULES, 1959 PRAYING TO APPOINT AN AUDITOR TO AUDIT THE ACCOUNTS OF THE OFFICIAL LIQUIDATOR FOR THE HALF YEAR ENDING 30.09.2022 AND FIX HIS REMUNERATIONS AND ETC.,
THIS APPLICATION COMING ON FOR ORDERS THIS DAY, THE COURT MADE THE FOLLOWING:
CA No.462/2022 IN COP No.108/2002
ORDER
The Official Liquidator has filed the subject Application placing on record Audit Report as contemplated under Section 462 of the Companies Act, 1956.
The Official Liquidator is directed to make payment of fees to the Chartered Accountant, as ordered by this Court earlier.
CA No.462/2022 IN COP No.108/2002
Ordered accordingly and the Company Application is
disposed off .
Sd/JUDGE
Bsv
1 issue framed by the court
Whether to appoint an auditor to audit accounts of the Official Liquidator and fix remuneration.
4 provisions across 2 enactments
M/S TULUNADU FINANCE AND DEVELOPMENT LTD ., REPR BY OFFICIAL LIQUIDATOR
NIL
KRISHNA S DIXIT
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
