Application for Court approval of M/s Preyanshu Industries Ltd.'s half-yearly accounts for April-September 2013. Court approved accounts based on auditor's report and liquidator's affidavit without costs.
Approval of the half-yearly account of M/s Preyanshu Industries Ltd. for the period from 01.04.2013 to 30.09.2013.
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HON’BLE SRI JUSTICE C.V. NAGARJUNA REDDY Company Application No.987 of 2014 In RCC.No.10 of 2003
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 Preyanshu Industries Ltd. (In Liquidation), seeking approval of half-yearly account of the above named company for the period from 01.04.2013 to 30.09.2013.
Along with the application, the Auditor’s Report, dated 20.06.2014, submitted by KBS & Associates, Chartered Accountants, 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 Preyanshu Industries Ltd. (In Liquidation) is hereby approved.
The application is ordered accordingly without costs.
_____________________________ JUSTICE C.V. NAGARJUNA REDDY
11th August, 2014 DR
2 issues framed by the court
Whether the half-yearly account of Preyanshu Industries Ltd. for the period 01.04.2013 to 30.09.2013 requires the approval of the Court.
Whether the submitted audit report and affidavit by the Official Liquidator justify the approval of the accounts.
2 provisions across 2 enactments
M/s Preyanshu Industries Ltd. (In Liquidation)
C.V. NAGARJUNA REDDY
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
