Allowed
The Official Liquidator v. -
Telangana HCCOMPA/1172/2011
Case brief
AI extract
What is this about?
The court directed the Official Liquidator to substantiate a 190-day delay in filing half-yearly accounts. Upon finding adequate reasons for the delay, the court condoned it, approved the audited accounts and audit report, permitted payment of the balance audit fee, and directed costs to be met from company funds.
What did the court decide?
Condonation of delay of 190 days; approval and taking on record of half-yearly accounts; permission to pay balance audit fee; costs to be met from company funds.