The High Court approved the Official Liquidator's application for the half-yearly accounts of M/s Malwala Oils Ltd. for the period April to September 2012, deemed credible after review, and dismissed the matter without costs.
Application for approval of half-yearly accounts for 01.04.2012 to 30.09.2012 approved; no costs awarded.
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HON’BLE SRI JUSTICE C.V. NAGARJUNA REDDY Company Application No.711 of 2013 In
R.C.C.No.1 of 1993
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 Malwala Oils Ltd. (In Liquidation), seeking approval of half-yearly account of the above named company for the period from 01.04.2012 to 30.09.2012.
Along with the application, the Auditor’s Report, dated 25.04.2013, submitted by M/s KBS and Associates, 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 Malwala Oils Ltd. (In Liquidation) is hereby approved.
The application is ordered accordingly without costs. Half-yearly accounts are approved.
_____________________________ JUSTICE C.V. NAGARJUNA REDDY 02nd April, 2014 DR
2 issues framed by the court
Whether to approve the half-yearly account of M/s Malwala Oils Ltd. submitted during liquidation.
Whether to grant costs in the application for approval of accounts.
2 provisions across 2 enactments
Official Liquidator (M/s Malwala Oils Ltd.)
C.V. Nagarjuna Reddy
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
