The company applied for approval of the half-yearly accounts of Vidyut Steels Ltd. filed by the Official Liquidator. The court reviewed supporting documents and approved the accounts without costs.
Approval of the half-yearly account of M/s. Vidyut Steels Ltd. for the period from 01-04-2012 to 30-09-2012.
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THE HON’BLE SRI JUSTICE C.V. NAGARJUNA REDDY COMPANY APPLICATION No.894 of 2013 IN C.P.Nos.26 and 65 of 1987
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. Vidyut Steels 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 13-052013 submitted by M/s. Sarathy & 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, learned counsel for the Official Liquidator, the half-yearly account submitted in respect of M/s. Vidyut Steels Ltd. (in Liquidation) is hereby approved.
The application is ordered accordingly without costs.
_________________________ C.V. NAGARJUNA REDDY, J
9th April, 2014 IBL
1 issue framed by the court
Whether to approve the half-yearly account of M/s. Vidyut Steels Ltd. for the period 01-04-2012 to 30-09-2012 submitted by the Official Liquidator.
2 provisions across 2 enactments
Official Liquidator M/s. Vidyut Steels Ltd.
M/s. Vidyut Steels Ltd.
C.V. Nagarjuna Reddy
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
