Application under Section 462 of the Companies Act, 1956 for approval of half-yearly accounts of a company in liquidation allowed without costs.
Approval of half-yearly accounts for the period from 01.10.2012 to 31.03.2013 and dismissal without costs.
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HON’BLE SRI JUSTICE C.V. NAGARJUNA REDDY Company Application No.71 of 2014
In
CP.No.167 of 2001
ORDER:
This is an application filed under Section 462 of the Companies Act, 1956 read with Rule 306 of the Companies (Court) Rules, 1959 by the Official Liquidator attached to this Court, acting as Liquidator of M/s Ontime Pharma Ltd. (In Liquidation), seeking approval of half-yearly accounts of the above named company for the period from 01.10.2012 to 31.03.2013.
Along with the application, the Auditor’s Report, dated 08.10.2013, submitted by M/s Sarathy and Balu, the affidavit of the Official Liquidator verifying the account and the statement of account are also enclosed. After perusing all these documents and after hearing Sri M.Anil Kumar, the learned counsel for the Official Liquidator, the half-yearly account submitted in respect of M/s Mepha Laboratories Ltd. (In Liquidation) is hereby approved.
The application is, accordingly, ordered without costs.
_____________________________ JUSTICE C.V. NAGARJUNA REDDY
22nd April, 2014 DR
2 provisions across 2 enactments
Official Liquidator of M/s Ontime Pharma Ltd.
M/s Ontime Pharma Ltd.
C.V. Nagarjuna Reddy
As recorded by the court registry
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