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

M/S. Whitefield Agrotech 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 accepted; notice to Creditors and Contributories under Section 462(5) of the Companies Act, 1956 dispensed with on the Official Liquidator's assurance that the report will be hosted on its official website for inspection in terms of Rule 304 of the Companies (Court) Rules, 1959; Official Liquidator permitted to pay the Chartered Accountant's fees as per the applicable schedule; Company Application disposed of.

Issue for consideration

Whether the Audit report of the Official Liquidator for M/s Whitefield Agrotech Pvt Ltd (In Liqn.), covering the half year ending 30/09/2025, should be accepted under Section 462 of the Companies Act, 1956, together with the ancillary matters of notice to creditors/contributories and payment of the auditor's fees.

Court's answer

After perusal, the Audit report of the Official Liquidator is accepted.

Ratio / Principle

Notice to Creditors and Contributors 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 on the official website of the Official Liquidator.

Key takeaways

Inspection of the Audit report by the Creditors and Contributories is to be enabled through hosting on the official website in terms of Rule 304 of the Companies (Court) Rules, 1959.ratio¶25
Since the Audit report is accepted, the Official Liquidator is permitted to pay the fees to the Chartered Accountant as per the applicable schedule.ratio¶27

Detailed headnote1 paragraphs

Company Application No. 383 of 2025 in Company Petition No. 113 of 2010, filed under Section 462(5) of the Companies Act, 1956 read with Rules 11(B) and 298 of the Companies (Court) Rules, 1956 by the Official Liquidator for M/s Whitefield Agrotech Pvt Ltd (In Liqn.), praying for appointment of an auditor to audit the Official Liquidator's accounts for the half year ending 30/09/2025 and fixation of remuneration. By oral order dated 24 April 2026, the High Court of Karnataka (Anant Ramanath Hegde, Judge) accepted the Audit report contemplated under Section 462 of the Companies Act, 1956; dispensed with notice to Creditors and Contributories under Section 462(5) on the Official Liquidator's assurance that the report would be hosted on its official website for inspection in terms of Rule 304 of the Companies (Court) Rules, 1959; permitted the Official Liquidator to pay the Chartered Accountant's fees as per the applicable schedule; and disposed of the application.

NC: 2026:KHC:22710 CA No. 383 of 2025 IN COP NO.113 OF 2010

1 -

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. 383 OF 2025

IN

COMPANY PETITION NO.113 OF 2010

BETWEEN:

M/S. WHITEFIELD AGROTECH 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.

…APPLICANT

(BY SMT.KRUTIKA RAGHAVAN FOR OL)

AND:

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

NIL

…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.

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:22710 CA No. 383 of 2025 IN COP NO.113 OF 2010

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.: 95