Allowed

M/s. Kohinoor Cements Limited (In Liqn.) v. No Respondent

Telangana HC9 Sept 2021COMPA/95/2021

Case brief

AI extract

What is this about?

In a company application under Section 462 of the Companies Act, 1956 read with Rule 306 of the Company (Court) Rules, 1959, the court accepted the prayer of the Assistant Official Liquidator to take half-yearly accounts and auditors' reports on record for the company in liquidation.

What did the court decide?

The prayer to take the audited half-yearly accounts and auditors' reports on record is accepted.

M/s. Kohinoor Cements Limited (In Liqn.) Vs No… — Insolvency and Bankruptcy | Telangana HC (2021)

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! t

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IN THE HIGH COURT FOR THE^{STATEOF TELANGANA} AT HYDERABAD

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THURSDAY. THE NINTH^{DAYOF SEPTEIVBER} TWO THOUSAND^{AND TWENTYONE}

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PRESENT THE HONOURABLE SRI^{JUSTICET. VINOD KUMAR}

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COMPANY APPLICATION^{NO.95 OF2021} IN R.c.c. No.1 0F²⁰⁰²

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IN THE MATTER OF THE^{COMPANIESACT, 1956} AND

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lN THE MATTER OF M/S.KOHINOOR^{CEMENTS LIMITED( ln Liqn')}

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Between:

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The Assistant official Liquidator,^{For the state of Telanganaandthe State of} Andhra Pradesh, at Hyderabad

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...AppLlCANT

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Company Application^{Under Section462 of the CompaniesAct'} 1g56 read with^{Rule 306 and read with Rule 298 of the companies} (Court) Rules, 1959^praying that^{this Hon'ble Court may be pleased to}

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Take the audited^{half-yearlyaccounts for the periodsfrom ('1)} 01 10.2017 to 31 .03.2018^{along with Auditors' Report dated 01 022021} submitted on^{16.02.2021; (2) 01 04.2018 to 30 09 2018alongwith} Auditors' Report dated^{04.02.2021submittedon 16'02'2021',and(3)} 01.04.2019 to 30.09.2019^{along with Auditors' Report dated06 02'2021} submitted on 16.02.2021^{by M/s. Padmanabha Rao & Company'} Chartered Accountants^{on record;}

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ll. Take the aifidavit^{of "no receipts or payments"of half-yearly accounts} for the^periods from^{(4) 01.102OlB to 31 03.2019; and (5) 01 102019} to 31.03.2020 on^{record, and}

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lr. Order that the cost^{of this applicationand any miscellaneous expenses} do come out of^{the funds of the companyor Estateand Establishment} Fund if funds are not^{availablein company}

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This Company^{Application coming on for ordei's upon readingthe} Company Application^{and the affidavit dated28-06-2021filed by Sri} Suresh Dhaiavath, Asst^{Official Liquidator in support of the Company} Application and upon^{hearing the arguments of.Sri J SrinadhReddy'} learned counsel for^{the OfficialLiquidatorfor the Applicant'}

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The Court made the^{followingoRDER:}

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THE HON'BLE SRIJUSTICE^{T. VINOD KUMAR}

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COMPAN Y APPLICATION^{NO. 95 Of 2021}

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ORDER:

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This Company Application^{is filed by the AssistantOfficial} Liquidator under Section^{462of the Companies Act, 1956 read withRule} 306 of the Company^{(Court) Rules, 1959 to take on recordthe half-} yearly accounts along with the auditors' reports of^{M/s. Padmanabha} Rao & Company, Chartered Accountants^{of the company in liquidation.}

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Perused the Auditors' Reports with the^{assistanceof Sri J.Srinadh} Reddy, learned counsel for the^{OfficialLiquidator.Also perused the} affidavit of Official Liquidator showing^{"no receiptsor payments"during} the period from 01 .10.2018 to 3'l^{.03.2019 and from 01.10.20'1 9 to} 31 .03.2020 (both days inclusive). The^prayer is^{acceptedThe halt} yearly accounts and the auditors' reports are taken on flle.

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This Company Application is ordered accordingly

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SD/.K SRINIVASA RAO JOINT REGISTRAR

//TRUE COPY//

SECTION OFFICER

To,

'1 . The Official Liquidator, M/s. Kohinoor Cements Limited. (ln Liqn), Higtt Court at Hyderabad for the State of Telangana, Office at 1"' Floor, Corporate_Bhawan, Nbgole, Bandlaguda, Thattiannaram Village, Hayathnagar^{Mandal, Ranga Reddy} District, Telangana State Pincode-500680.

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The Registrar of Companies, Ministry of Corporate Affairs,^{Governmentof lndia,} 2no floor, Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram^Village, Hayathnagar Mandal, Ranga Reddy District, Telangana State^{Pincode-500680.}

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The Regional Director, South Eastern Region, Ministry of Corporate^Affairs, 3'o floor, Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram^Village, Hayathnagar Mandal, Ranga Reddy District, Telangana State^{Pincode-500680.}

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The Section Officer, O.S. Section, High Court of Judicature at Hyderabad, for the State of Telangana and the State of A.P.

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One CC to Sri J. Sreenadh Reddy, Official Liquidator, High Court for the State of Telangana at Hyderabad.[OPUC]

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Two CD Copies

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One Spare Copy gbr

+_-

HIGH^COURT

DATED:^09/09/2021

ORDER

COMPANY APPLICAT|ON.No.g5^{of 2021} IN R.C.C.No.1 of²⁰⁰²

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ORDERING THE^{COMPANY APPLICATION.}

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A(,, ,,JD<sup>4l

M/s. Kohinoor Cements Limited (In Liqn.) v. No Respondent

Case brief

What is this about?

What did the court decide?

M/s. Kohinoor Cements Limited (In Liqn.) v. No Respondent

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

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