Allowed

M/s.Sree Bhagyalaxmi Coal and Minerals Trading Pvt. Limited (In Prov.Liqn.) v. No Respondent

Telangana HC18 Dec 2024COMPA/123/2024

Case brief

AI extract

What is this about?

The court disposed of a company application filed by an official liquidator under Section 462 of the Companies Act, 1956. The application sought to take half-yearly accounts and auditors' reports on record. The court accepted the prayer and filed the documents.

What did the court decide?

The prayer to take half-yearly accounts and auditors' reports on record was accepted and ordered accordingly.

M/s.Sree Bhagyalaxmi Coal and Minerals Trading Pvt. Limited (In Prov.Liqn.) Vs No Respondent — Telangana HC (2024) — LawSathi Research

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IN THE HIGH COURT^{FOR THE STATE OF TELANGANA} . AT HYDERABAD

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WEDNESDAY THE^{EIGHTEENTH DAY OF DEGEMBER} TWO THOUSAND^{AND TWENfiFOUR}

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PRESENT,

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THE HONOURABLE^{JUSTICE MOUSHUMIBHATTACHARYA}

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COMPANY APPL^{ICATIONNO.123 ol 2O24}

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COMPANY^{PETITIONNO:298 of2015}

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ln the matter^{of the CompaniesAct'956}

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And

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ln the mafter of^{M/s.Sree Bhagyalaxmi Coal and MineralsTrading Pvt' Limited} (in Prov.Liqn.)

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TheOfficialLiquidator,attachedtotheHon'bleHLqhCourtofTelangana'and n"inij FiiO&|,, r.t^{nooi,'6oiporii" er,r*un, Bandiaguda, Ndgole. Hyderabad-} 500068

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...APPlicant

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Application Under^{Section 462 of the Companies Act' 1956 read withRule} 298 and Rule^{306 of the companies (court)Rules,'t 959), prayingthat this} Hon'ble court maY^be Pleased^to

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i) take the half-yearly^{accounts of} !1"^:'!l^"^"J^{company (in liquidation)for} the period from^{O'1 .04.2022to 30092022'along with Auditor. Report} dated 02.08.2024^{submittedon 13 OB'2024 by Mis lr/lurthy andKanth'} Chartered Accountants^{on record-}

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ii) cost of this application^{and any miscellaneousexpenses may} .be permitted to be met out^{by the bfficial Liquidatorfrom the available} funds of the comfany^{(in liquidation) or Estate and Establishment Fund} Account, if no fund^{is available in the company'saccount''}

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This application^{coming on for orders, upon reading the Judge'ssummons} andtheaffidavitdated30-'l0.2O24ftledbySriUttamKumarSahoo'Official LiquidatorattachedtotheHighCourtfortheStateofTelangana'insupportofthe Company Application^{and upon hearing the argumentsof Sri J SrinadhReddy'} Counsel for^{the Official Liquidatorfor the Applicant'}

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The Court made^{the following: ORDER}

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THE HON'BLE JUSTICE MOUSHUMI^BHATTACHARYA

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COMPANY APPLICATION NO.123 0F^20.24 IN COMPAI T PEIITIOI{ NO.29A OF 2015

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Mr. J. Srinadh Reddlr, learned counsel for the^{Offlcia]Liquidator}

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ORDER:

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This Company Application is frled by the Official^Liquidator under Section 462 of tLre Companies^{Act, 1956 read with Rules 306} arrd 298 of the Oompanies^(Court) Rules,¹⁹⁵⁹ to^{take on record} the Half-Yearly Accounts along with the Auditors'^Reports submitted by M/s.Murthy & Kanth, Chartered Accountants^{of the} Company in liquidation.

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Perused the Auditors' Reports with the assistance of^learned counsel for the Official Liquidator. The^prayer is^{acc<:pted. The} Half-Yearly Accounts and the Auditors' Reports are taken on^fi1e.

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This Company Application is ordered accordingly.

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Sd/- C.V. MALLIKARJUNA^VARMA JOINT REGISTRAR ql

//TRUE COPY//

SECTION OFFICER

To,

1 TheOfficialLiquidator,M/s.sreeBhagyalaxmiCoalandMineralsTradingPvt' Li*it"a., Office^{at 1st floor, Coriorate Bhawan, Bandlaguda,Nagole,} Hyderabad^-500068.

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2 The Registrar^{of Companles, Ministryof Corporate.Affairs'Governmentof} 'gh"w"n' Nagole' Bandlaguda' Thattlannaram

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rno], )rt 1ioor.^Corpo'rate viii"t. Hrvrtnnugrr'^{ruranJar,Ranga-Reddy District' Telangana State} Pin Code 500^680.

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'^{'- '-*::T:i'&..i'r.tt.} ttt,...t-

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{..

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The Regional Director, South Eastern Region, Ministry of Corporate Affairs,3'd floor Corporate Bhawan, Nagole, Bandlaguda,^{Thattiannaram} Village Hayathnagar Mandal, Ranga Reddy District Telangana State,^Pin Code 500 680

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The S.O. O.S. Section, High Court at Hyderabad, for the State^of Telangana.

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One CC to Sri J. Srinadh Reddy,^{Counselfor Official Liquidator, High Court} for at Hyderabad [OPUC]

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Two CD Copies

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HIGH COURT

DATED:1811212024

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¶46

ORDER

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COMPANY APPLICATION No. 123 ot 2024 IN

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COMPANY PETITION NO: 298 of 2015

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ORDERING THE COMPANY APPLICATION

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M/s.Sree Bhagyalaxmi Coal and Minerals Trading Pvt. Limited (In Prov.Liqn.) v. No Respondent

Case brief

What is this about?

What did the court decide?

M/s.Sree Bhagyalaxmi Coal and Minerals Trading Pvt. Limited (In Prov.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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