M/S Benson Pharma Ceuticals Pvt. Ltd., (in Liqn.) v. Nil
Companies Act, 1956 – Sections 462, 462(5); Companies (Court) Rules, 1959 – Rules 11(b), 298 and 304
Case brief
What is this about?
Single-judge order of the High Court of Karnataka disposing of an Official Liquidator's company application under Section 462(5) of the Companies Act, 1956 read with Rules 11(b) and 298 of the Companies (Court) Rules, 1959: half-yearly audit report (period ending 30.09.2024) in the liquidation of M/s Benson Pharmaceuticals Pvt. Ltd. accepted; notice to creditors and contributories dispensed with subject to hosting the audit report on the Official Liquidator's website per Rule 304; fees directed to be paid to the Chartered Accountant as earlier ordered.
What did the court decide?
Company application disposed of: audit report accepted; notice to creditors and contributories under Section 462(5) dispensed with subject to hosting the audit report on the Official Liquidator's website for inspection in terms of Rule 304 of the Companies (Court) Rules, 1959; Official Liquidator directed to pay the Chartered Accountant's fees as ordered earlier.