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High Court of Andhra Pradesh · body

2025 DAILYLAW 44593 (AP)

COMMERCIAL AGRO PRODUCTS PVT. LTD. (IN LIQN.) v. NIL

COMPA/5/2025 · 2025-07-10

V Srinivas

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

APHC010316552025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI FRIDAY,THE ELEVENTH DAY OF JULY TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE V SRINIVAS COMPANY application NO: 5 DF onon Between: Commercial Agro Products Pvt. Ltd. (in liqn.), and various Companies, Rep. by the Official Liquidator, Attached to High Court of Telangana and Andhra Pradesh, 1st Floor, Corporate Bhawan, Bandlaguda, Nagole Hyclerabad-500 068. ...APPLICANT Applicaton under section 460(4) of the Companies Act, 9, 308 & 309 of the Companies(Court) Rules Court may be pleased to 1956 and Rules 1959 praying that the High I. accord permission to the Official Liquidator to transfer Of the interest earned 30 percent on the fixed deposits pertaining to the various companies (in liquidation), under the jurisdiction of this Hon'ble High Court (State of Andhra Pradesh), to the account of "Estate and Establishment Fund” maintained by the Official Liquidator at Union Bank of India, Kendriya Sadan Branch, Koti Hyderabad, to meet out the salaries and other allowances of company paid staff. Rent for Record Room, remuneration to / Advocates and Retainership fee to Auditor and other expenses as detailed in Para(s) 9,10, 11, 13, 15 and 16 of the Affidavit, ii. order that the costs of this application do come out of the Estate and Establishment Fund Account This Company Application coming on for orders, upon reading the Company Application and the affidavit dated 26/06/2025 filed by Sri Uttam Kumar Sahoo, Official Liquidator in support of the Company Application and upon hearing the arguments of Sri T V P Sai Vihari Counsel for the Official Liquidator for the Applicant. The Court made the following ORDER : THE HON’BLE SRI JUSTICE V.SRINIVAS COMPANY APPLICATION No.5 of 2025 ORDER: This Company Application is filed under Section 460(4) of the Companies Act, 1956 and Rules 9, 308 & 309 of the Companies (Court) Rules, 1959. In the affidavit filed in support of the present Company 2. Application, Official Liquidator explained the expenditure to meet out the salaries & other allowances of Company Paid Staff, Rent for Record room, remuneration to Advocates & Retainership fee to Auditor and other expenses as detailed in paragraph Nos.9, 10, 11,13, 15 & 16 of the Affidavit. In three tabular forms in paragraph No. 10, he has specifically mentioned the amount lying to the credit of the account pertaining to the State of Telangana & Andhra Pradesh. He has stated that the said amount is sufficient for the two (2) months i.e.. May and June, 2025, only. In the light of the above, this Company Application is 3. ordered and permission is accorded to the Official Liquidator to transfer 30% of the interest earned on the fixed deposits pertaining to the various companies (in liquidation), under the jurisdiction of this Court to the account of “Estate and 2 / Establishment Fund”) maintained by the Official Liquidator at Union Bank of India, Kendriya Sadan Branch. Koti, Hyderabad, to meet out the salaries & other allowances of Company paid Staff, Rent for Record Room, & Retainership fee to Auditor and other expenses. remuneration to Advocates SDI- E.KAMESWARA RAO JOINT fREGISTRAR //TRUE COPY// SECTION OFFICER To, 1. The Offical Liquidator, M/s Commercial Agro Products (P)Ltd.(in liqn),Office at Floor, Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, Hayathnagar Mandal, Ranga Reddy District, Telangana State Pin Code-500 680. 2. The Registrar of Companies, Ministry of Corporate Affairs, Government of India, 2 Floor, Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, Hayathnagar Mandal, Ranga Reddy District, Telangana State Pin Code-500 680 3. The Regional Director, South Eastern Region, Ministry of Corporate Affairs, Floor, Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, Hayathnagar Mandal, Ranga Reddy District, Telangana State Pin Code-500 680. 4. One CC to Sri. T V P Sai Vihari(Standing Counsel for Official Liquidator) Advocate [OPUC] 5. The Section Officer. Accounts Section, High Court of Andhra Pradesh Amaravathi 6. The Section Officer, O.S Section, High Court of Andhra Pradesh at Amaravathi 7. Two CD Copies at stu TAC t HIGH COURT DATED:11/07/2025 ORDER COMPA NO. 5 OF 2025 ALLOWING THE COMPA