M/S. Reha Urban Infra Pvt. Ltd., (in Liqn.) Vs Nil — Company and Corporate | Karnataka HC (2026)

M/S. Reha Urban Infra Pvt. Ltd., (in Liqn.) Vs Nil — Company and Corporate | Karnataka HC (2026)

What the court decided

AI extract

Outcome

Audit report of the Official Liquidator for the half year ending 30/9/2025 accepted; notice to creditors and contributories under Section 462(5) dispensed with subject to the report being hosted on the Official Liquidator's official website for inspection under Rule 304; Official Liquidator permitted to pay the auditor's fees as per the applicable schedule; Company Application disposed of.

Issue for consideration

Whether the Audit report on the accounts of the Official Liquidator (for the half year ending 30/9/2025), contemplated under Section 462 of the Companies Act, 1956, should be accepted, and whether the statutory notice to creditors and contributories under Section 462(5) can be dispensed with.

Ratio / Principle

After perusing the Audit report, the Court accepted the same.

Key takeaways

Notice to Creditors and Contributors contemplated under Section 462(5) of the Companies Act, 1956 was dispensed with, accepting the Official Liquidator's assurance that the Audit report would be hosted on the Official Liquidator's official website to enable inspection by creditors and contributories in terms of Rule 304 of the Companies (Court) Rules, 1959.ratio¶28
Since the Audit report was accepted, the Official Liquidator was permitted to pay the fees to the Chartered Accountant as per the applicable schedule.ratio¶30

Detailed headnote1 paragraphs

Company Law - Winding up - Official Liquidator's accounts - Acceptance of audit report - Section 462(5) of the Companies Act, 1956 read with Rules 11(b) and 298 of the Companies (Court) Rules, 1956. Company Application No. 293 of 2025 in COP No. 160 of 2014, filed by the Official Liquidator for M/s. Reha Urban Infra Pvt. Ltd. (in liqn.), sought appointment of an auditor to audit the Official Liquidator's accounts for the half year ending 30/9/2025 and fixation of his remuneration. By oral order dated 24-04-2026, the High Court of Karnataka (Anant Ramanath Hegde J.) perused and accepted the audit report; dispensed with notice to creditors and contributories contemplated under Section 462(5) on the Official Liquidator's assurance that the report would be hosted on the Official Liquidator's official website for inspection in terms of Rule 304 of the Companies (Court) Rules, 1959; and permitted the Official Liquidator to pay the Chartered Accountant's fees as per the applicable schedule. The application was disposed of.

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NC: 2026:KHC:22597 CA No. 293 OF 2025 IN COP No.160 OF 2014

HC-KAR

IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 24^TH DAY OF APRIL, 2026

BEFORE

THE HON'BLE MR. JUSTICE ANANT RAMANATH HEGDE COMPANY APPLICATION NO. 293 OF 2025

IN

COP NO. 160 OF 2014

BETWEEN:

M/S. REHA URBAN INFRA PVT. 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. MAHADEVAN K S., OL)

AND:

NIL

Digitally signed by BELUR RANGADHAMA NANDINI Location: HIGH COURT OF KARNATAKA

…RESPONDENT

THIS COMPANY APPLICATION IS FILED UNDER SECTION 462(5) OF THE COMPANIES ACT, 1956 READ WITH RULES 11(B) AND 298 OF THE COMPANIES (COURT) RULES, 1956, PRAYING THIS HONBLE COURT; TO APPOINT AN AUDITOR TO AUDIT THE ACCOUNTS OF THE OFFICIAL LIQUIDATOR FOR THE HALF YEAR ENDING 30/9/2025 AND FIX HIS REMUNERATION, ETC.,

THIS APPLICATION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:

CORAM: HON'BLE MR. JUSTICE ANANT RAMANATH HEGDE

2 - NC: 2026:KHC:22597 CA No. 293 OF 2025 IN COP No.160 OF 2014

HC-KAR

ORAL ORDER

This case is listed today for acceptance of the Audit report as contemplated under Section 462 of the Companies Act, 1956.

After perusing the Audit report, same is accepted.

Notice to Creditors and Contributors as

contemplated under Section 462(5) of the Companies Act, 1956 is dispensed with, accepting the submission of the Official Liquidator on the assurance that the Audit report would be hosted in the official website of the Official Liquidator to enable inspection by the Creditors and Contributories in terms of Rule 304 of the Companies (Court) Rules, 1959.

Since the Audit report is accepted, Official

Liquidator is permitted to pay the fees to the Chartered Accountant as per the applicable schedule.

Accordingly, the Company Application is disposed

of .

Sd/(ANANT RAMANATH HEGDE) JUDGE

GVP/List No.: 2 Sl No.: 5