Disposed

M/S. W.S. Telesystems Pvt. Ltd. (in Liqn.) v. Nil

Karnataka HC24 Apr 2026CA/382/2025

Case brief

AI extract

What is this about?

This oral order disposed of an application under Section 462(5) of the Companies Act, 1956. The court accepted an audit report, dispensed with the notice to creditors by allowing online inspection, permitted payment of fees to the auditor, and disposed of the application.

What did the court decide?

Notice to creditors dispensed with on assurance of online hosting of audit report; fees to Chartered Accountant permitted to be paid as per schedule.

M/S. W.S. Telesystems Pvt. Ltd. (in Liqn.) Vs Nil — Company and Corporate | Karnataka HC (2026)

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NC: 2026:KHC:22709 CA No. 382 of 2025 IN COP NO.95 OF 1997

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HC-KAR

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IN THE HIGH COURT OF KARNATAKA AT BENGALURU

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DATED THIS THE 24^TH DAY OF APRIL, 2026

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BEFORE

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THE HON'BLE MR. JUSTICE ANANT RAMANATH HEGDE

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COMPANY APPLICATION NO. 382 OF 2025

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COMPANY PETITION NO.95 OF 1997

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BETWEEN:

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M/S. W.S. TELESYSTEMS PVT LTD (IN LIQN.) REPRESENTED BY OFFICIAL LIQIDATOR, HIGH COURT OF KARNATAKA, CORPORATE BHAVAN, 12^TH FLOOR, RAHEJA TOWERS, NO.26-27, M.G. ROAD, BENGALURU- 560 001.

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…APPLICANT

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(BY SMT.KRUTIKA RAGHAVAN FOR OL)

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AND:

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Digitally signed by PRAMILA G V Location: HIGH COURT OF KARNATAKA

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NIL

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…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 TO1. TO APPOINT AN AUDITOR TO AUDIT THE ACCOUNTS OF THE OFFICIAL LIQUIDATOR FOR THE HALF YEAR ENDING 30/9/2025 AND FIX HIS REMUNERATION AND ETC.

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

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CORAM: HON'BLE MR. JUSTICE ANANT RAMANATH HEGDE

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2 - NC: 2026:KHC:22709 CA No. 382 of 2025 IN COP NO.95 OF 1997

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HC-KAR

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ORAL ORDER

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

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After perusing the Audit report, same is accepted.

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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.

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Since the Audit report is accepted, Official

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

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Accordingly, the Company Application is disposed

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of . Sd/-

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(ANANT RAMANATH HEGDE) JUDGE

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GVP

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List No.: 2 Sl No.: 94

M/S. W.S. Telesystems Pvt. Ltd. (in Liqn.) v. Nil

Case brief

What is this about?

What did the court decide?

M/S. W.S. Telesystems Pvt. Ltd. (in Liqn.) v. Nil

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Statutes considered

Parties & counsel

Coram

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