Allowed

M/s.Chatura Chit Fund and Finance (P) Limited (In liqn.) v. No Respondent

Telangana HC16 Oct 2024COMPA/30/2024

Case brief

AI extract

What is this about?

In this company application under Section 462 of the Companies Act, 1956, the Official Liquidator sought acceptance of the half-yearly accounts and an accompanying auditor's report. The High Court accepted the prayer and took the documents on file.

What did the court decide?

The prayer is accepted. The Half-Yearly Accounts and the Auditors' Reports are taken on file.

M/s.Chatura Chit Fund and Finance (P) Limited (In… — Company and Corporate | Telangana HC (2024)

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[³⁴⁰⁵¹

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

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WEDNESDAY,^{THE SIXTEENTH DAY OF OCTOBER} ' TWO THOUSAND^{AND TWENTY FOUR}

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PRESENT

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THE HONOURABLE JUSTICE^{MOUSHUMIBHATTACHARYA}

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COMPANY APPLI CATION^{No. 30 of 2024}

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COMPANY PETITION NO: 160^{of 1997}

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ln the Matter of the Companies^{Act, 1956}

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AND

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ln the Matter of M/s. Chatura Chit Fund^{and Finance(P) Limited (ln liqn.),'}

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Between:

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The Official Liquidator, attached to the Honble^{High Courtof Telangana,and} Andhra Pradesh, l st floor, Corporate Bhawan,^{Bandlaguda, Nagole, Hyderabad-} 500068

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...APPLICANT

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Company Application Under Section 462 of the^{CompaniesAct, 1956} read with Rule 298 and Rule 306 of the Companies^{(Court) Rules,'1959)praying} that this Hon'ble Court may be^pleased to:

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(i) take the half-yearly accounts of the subject company^{(in liquidation) for} the period from 0110412022 to 3010912022, along^{with AuditorReport} dated 1210612024 submitted on 1810612024 by M/s.Padmanabha^Rao and Co., Chartered Accountants on record and^{permissionmay be} accorded to make the payment of audit fee of Rs.500/-^{plus GST.}

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(ii) cost of this application and any miscellaneous expenses^{may be} permitted to be met out by the Official Liquidator from the avaiiable funds of the company (in liquidation) or Estate and Establishment^Fund Account if no fund is available in the companys account.

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This application coming on for orders ,^{upon reading the Judge's summons} and the affidavit dated 26.07.2024 and^filedby Sri^{Uttam Kumar Sahoo} ,^Official Liquidator attached to Telangana High Court in^{support of the Company} Application and upon hearing the arguments of Sri^{J. Srinadh Reddy, Counselfor} the Official Liquidator for 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.3O of 2024

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Mr.J.Srinadh Reddl', Iearned counsel for Ofhcial Liquidator

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ORDER:

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This Company Application is filed by the Official Li,quidator under Section 462 of the Companies Act, 1956 read with Rtrles 306 and 298 of the Companies (Court) Rules, 1959 to^{take or1 record} the Half-Yearly Accounts along with the Auditcrs'^{Reports of} M/s.Padmanabha Rao and Co., Chartered^{Accountants, of the} company in liquidation.

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2.' Perused the Auditors' Reports with the^{assista.nce of} Mr.J.Srinadh Reddy, learned counsel for the^{Official Licluidator.} The prayer is accepted. The Half-Yearly Accounts ilnd^the Auditors' Reports are taken on file.

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This Company Application is ordered accordir-rgly

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Sd/.M. VIJAYA BHASKER JOINT REGIST,RAR //TRUE COPY// ^,/ w SECTION OFFICER

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To,

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The Official Liquidator, M/s. Chatura Chit Fund anrl Financ,e (P) Limited., Office at 1st floor, Corporate Bhawan, Bandlaguda, Nagoler, Hyderabad - 500068

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The Registrar of Companies, Ministry of Corporate Affairs, Government of lndia 2nd floor Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Vitlage Hayathnagar Mandal, Ranga Reddy Dis;trict, Telangana State Pin Code 500 680.

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The Regional Director, South Eastern Region, Ministry of Corporate Affairs, 3'd floor Corporate Bhawan, Nagole, Band aguda, Thattiannaram Village Hayathnagar [/andal, Ranga Reddy District Telangana State, Pin Code 500 680.

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

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Two C.D.Copies

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one cc to sri J. srinadhReddy, counser for official Liquidator, High court for at Hyderabad. [OPUC]

DLtgh /

HIGH COURT

DATED:16/10/2024

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ORDER

COMPA.No.30 of 2O24

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ORDERING THE COMPANY APPLICATION

M/s.Chatura Chit Fund and Finance (P) Limited (In liqn.) v. No Respondent

Case brief

What is this about?

What did the court decide?

M/s.Chatura Chit Fund and Finance (P) Limited (In liqn.) v. No Respondent

Case brief

What is this about?

What did the court decide?

What the court decided

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