M/s. Vaishu Engineering Industries Limited(in liqn) Limited v. Nil
Case brief
What is this about?
Official Liquidator company application; M/s Sri Vaishu Engineering Industries Limited (in liquidation); R.C.C. No. 14 of 1998; half-yearly accounts 01.04.2023 to 30.09.2023; Auditors' Report dated 31.05.2025 by M/s KBS & Associates, Chartered Accountants; audit fee Rs.500/- plus GST; Estate and Establishment Fund account; Section 462 Companies Act, 1956; Rule 298 and Rule 306 Companies (Court) Rules, 1959; Uttam Kumar Sahoo, Official Liquidator; J. Sreenath Reddy, Advocate; Justice K. Lakshman; Telangana High Court; decided 22.09.2025; application allowed.
What did the court decide?
Half-yearly accounts of M/s Sri Vaishu Engineering Industries Limited (in liquidation) for 01.04.2023 to 30.09.2023, with the Auditors' Report dated 31.05.2025 by M/s KBS & Associates, taken on record; Official Liquidator permitted to pay audit fee of Rs.500/- plus GST from the company's available funds or the Estate and Establishment Fund account, subject to reimbursement upon realization of assets.