Allowed

In the matter of M/s. Monarch Pipes Limited(in liqn) v. No Respondent

Telangana HC6 Aug 2025COMPA/118/2025

Case brief

AI extract

What is this about?

In a company application filed by the Official Liquidator under Section 462 of the Companies Act, 1956, the Court permitted taking the half-yearly accounts and Independent Auditor's Report on record and allowed payment of the audit fee from available funds with recourse to company assets upon realization.

What did the court decide?

The half-yearly accounts and Independent Auditor's Report taken on record; permission granted to pay audit fee from available funds or Estate and Establishment Fund subject to reimbursement upon reali

In the matter of M/s. Monarch Pipes Limited(in… — Insolvency and Bankruptcy | Telangana HC (2025)

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[³¹⁶⁸ ]

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IN THE HIGH COURT FOR THE STATE OF TELANGANA

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WEDNESDAY HE SIXTH DAY OF AUGUST TWO THOUSAND AND TWENTY FIVE

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PRESENT

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THE HONOURABLE SRI JUSTICE K.LAKSHMAN

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COMPANY APPLICATION No. 118 ot 2025 IN

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R.C.C. No: 2 ot 2006

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ln the mafter of the Companies Act, 1956 And

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ln the matter of M/s. Monarch Pipes Limited(in liqn),

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The Official Liquidator, attached to the Hon'ble High Court of Telangana, and Andhra Pradesh, lst floor, Corporate Bhawan, Bandlaguda, Nagole, Hyderabad -50006g

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...Applica nt

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Application under Section 462 of the Companies Act, 1956 read wilh Rule 2gg and Rule 306 of the Companies (Court) Rules, 1959 praying that this 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 0l.04.2023 to 30.09.2023, along wrth lndependent Auditors' Report dated 27.05.2025 submitted on 03 06.2025 by M/s Padmanabha Rao and Co., Chartered Accountants on record and permission may be accorded to make the payment of audit fee of Rs.500^ plus GST to the said auditor.

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ii) cost of this application (Court fee Stamps and Notary Charges etc.,) may be permitted to be met out by the Official Liquidator from the available funds of the company (in liquidation) or Estate and Establishment Fund account lf no fund is available in the company,s account, subject to reimbursement of the same from the funds of Company (in liqn) upon realization of assets of the Company (in liqn),if any

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Thrs application comrng on for orders, upon readrng t <: Judge,s summons and the affidavit dated 30.06.2025 filed by sri Uttam K .rar Sahoo, official Liquidator attached to Telangana High Court in supp. r of the Company Application and upon hearing the arguments of sri J. sree rath Reddy, counsel for the Official Liqurdator for the Appticant.

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The Court made the following: ORDER

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,) I I

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THE HONOURABLE SRI JUSTICE IC LAKSHMAN

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COMPANY APPLICATION No. 118 of 2025

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in R.C.C.No.2 ot 2005

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ORDER:

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\ \

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Heard Sri J.Sreenath Reddy, learned counsel for the Offrcial Liquidator.

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Having satisfied with the reasons mentioned in the supporting affidavit, and upon considering the^{half-yearly accounts} filed by the leamed Official Liquidator, this application^{is ordered} with the [ollowing:-

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a. The half-yearly accounts of the subject Company,^{whichis in} liquidation for the period from 01.04.2023 to^30.09.2023, along rvith Independent Auditor's Report dated^27.05.2025 submitted on 03.06.2025 by M/s. Padmanabha^{Rao & Co.,} Chartered Accountants, are taken on record.

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b. Permission is accorded to the learned Official^Liquidatorto pay an audit fee of Rs.500/- plus GST to the Auditor

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c. Permission is also accorded to the leamed Official^Liquidator to make the said payment from the available^{funds of the} Company (in liquidation), or from the^{Estate and} Establishment Fund account if no fund is^{availablein the} Company's account, subject to reimbursement^fromthe

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funds of C)ompany (in liquidation) upon real z,rtion of its

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assets.

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Sd/- M RAMANA^KRISHNA J,3INT REGISTRAR

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't.. ----'

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//TRUE COPY// \ ISECTION OFFICER

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To,

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1 . The official^{Liquidator, M/s Monarch PipesLimited office at 1st floor,} Corporate Bhawan,^{Bandlaguda, Nagole, Hyderabad-5r)0068'}

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The Reoistrar of companies,^{Ministry of corporate , f{airs, Government of} lndia 2n-d floor Corporate^{Bhawan,Nagole, Bandl;1trda,Thattiannaram} village Hayathnagar^{ftilandal'Ranga ReddyDistrr':tTelanganaState} Pin Code 500 680

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The Regional^{Drrector, South Eastern Region, '1ilrstry of Corporate} Affairs, 3rd floor^{Corporate Bhawan, Nagole,Bandlr:3'rda,Thattiannaram} Village Hayathnagar^{lv'landal, Ranga ReddyDistrir'Ielangana State, Pin} Code 500 680

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The S.O. O.S. Section,^{High Court at Hyderabad,for ti r State of Telangana'} 5. one CC to Sri^{J. SreenathReddy, Counselfor officiat iquidator, High Court} for at Hyderabad [OPUC]

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Two CD CoPies

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HIGH COURT

DATED:06/08/2025

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ORDER

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COMPANY APPLICATION No. 118 of 2O25 IN

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R.C.C. No: 2 oI 2006

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ORDERING THE APPLICATION

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In the matter of M/s. Monarch Pipes Limited(in liqn) v. No Respondent

Case brief

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In the matter of M/s. Monarch Pipes Limited(in liqn) v. No Respondent

Case brief

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