M/S Bellary Spinning and Weaving Co. Pvt. Ltd. (in Liqn) v. Nil
Case brief
What is this about?
Bellary Spinning and Weaving Co Pvt Ltd (In Liqn) Official Liquidator; NC: 2025:KHC:26880; CA No. 477 of 2024 in CP No. 34 of 1986; High Court of Karnataka; Justice Ashok S. Kinagi; 17 July 2025; Section 462 and Section 462(5) Companies Act 1956; Rules 11(b), 298 and 304 Companies (Court) Rules 1959; half-yearly audit report for half year ending 30.09.2024; acceptance of audit report; dispensation of notice to creditors and contributories; hosting audit report on Official Liquidator's website; auditor fees/remuneration; company application disposed of.
What did the court decide?
Company Application disposed of: the Official Liquidator's Audit report (half year ending 30.09.2024) accepted; notice to creditors and contributories under Section 462(5) dispensed with subject to the report being hosted on the Official Liquidator's website for inspection (Rule 304, Companies (Court) Rules, 1959); Official Liquidator directed to pay the Chartered Accountant's fees as ordered by the Court earlier.