In this application, the Official Liquidator sought approval of the half-yearly account of M/s. Malwala Oils Ltd. for the period April 2013 to March 2014. The court approved the account and excluded costs.
The half-yearly account submitted for M/s. Malwala Oils Ltd. is hereby approved.
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HON’BLE SRI JUSTICE C.V. NAGARJUNA REDDY
Company Application No.314 of 2015
In
R.C.C.No.1 of 1993
Date : 24-3-2015
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 1-10-2013 to 31-3-2014.
Along with the application, the Auditor’s Report dated 7-11-2014 submitted by M/s. K.B.S. & 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 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.
Justice C.V. Nagarjuna Reddy
Date : 24-3-2015
AM
1 issue framed by the court
Whether approval of half-yearly account of a company in liquidation requires court order under Section 462.
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
