M/s. Vaishu Engineering Industries Limited(in liqn) v. No Respondent
Case brief
What is this about?
Telangana High Court company law liquidation administration order (07.08.2025, Justice K. Lakshman): Official Liquidator's Company Application No. 133 of 2025 in R.C.C. No. 14 of 1998 for M/s. Vaishu Engineering Industries Limited (in liqn) approved under Section 462 Companies Act 1956 and Rules 298/306 Companies (Court) Rules 1959; half-yearly accounts 01.10.2022-31.03.2023 and Auditor's Report dated 10.04.2025 by M/s Murthy & Kanth taken on record; audit fee Rs.500/- plus GST payable from company funds or Estate and Establishment Fund with reimbursement on asset realisation; affidavit dated 16.07.2025 by Official Liquidator Sri Uttam Kumar Sahoo; counsel Sri J. Sreenath Reddy.
What did the court decide?
The company application was ordered (granted): the half-yearly accounts for 01.10.2022 to 31.03.2023 with the Auditor's Report dated 10.04.2025 by M/s Murthy & Kanth, Chartered Accountants were taken on record; the Official Liquidator was permitted to pay an audit fee of Rs.500/- plus GST to the Auditor, from the available funds of the Company (in liquidation) or from the Estate and Establishment Fund account if no company funds are available, subject to reimbursement from company funds upon realisation of its assets.