M/S SREE AYYAPPA CHIT FUND PVT LTD (IN LIQN) v. NIL
CA/531/2024 · 2025-07-24
Ashok S Kinagi
body2025
DailyLaw.ai
[ 2025 DAILYLAW 91452 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 91452 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2025:KHC:28386 CA No. 531 of 2024
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF JULY, 2025 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI COMPANY APPLICATION NO. 531 OF 2024 IN COMPANY PETITION No. 74 OF 2001
BETWEEN:
M/S SREE AYYAPPA CHIT FUND PVT. LTD. (IN LIQN).
REP. BY OFFICIAL LIQUIDATOR, HIGH COURT OF KARNATAKA CORPORATE BHAVAN, 12TH FLOOR, RAHEJA TOWERS, NO 26-27, M G ROAD, BENGALURU 560001 …APPLICANT
(BY SRI. K.S. MAHADEVAN, FOR OL)
AND:
NIL
…RESPONDENT (RESPONDENT-NIL)
THIS COMPANY APPLICATION IS FILED UNDER SECTION 462(5) OF THE COMPANIES ACT, 1956, R/W RULES 11(b) AND 298 OF THE COMPANIES (COURT) RULES, 1959, PRAYING TO APPOINT AN AUDITOR TO AUDIT THE ACCOUNTS OF THE OFFICIAL LIQUIDATOR FOR THE HALF YEAR ENDING 30.09.2024 AND FIX THE REMUNERATION.
THIS APPLICATION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:
Digitally signed by KIRAN KUMAR R Location: HIGH COURT OF KARNATAKA
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HC-KAR NC: 2025:KHC:28386 CA No. 531 of 2024
CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI
ORAL ORDER
1. The Official Liquidator has filed an application placing on record the Audit report, as contemplated under Section 462 of the Companies Act, 1956.
2. The Audit report is accepted for the reasons stated therein and notice to the creditors and contributories as contemplated under Section 462(5) of the Companies Act, 1956 is dispensed with on the submission of the Official liquidator as the assurance this Audit report would be hosted in the Official Liquidator's website so as to enable the inspection by the creditors and contributories in terms of Rule 304 of the Companies (Court) Rules, 1959.
3. Notice to the creditors and contributories is dispensed with taking note of the undertaking.
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HC-KAR NC: 2025:KHC:28386 CA No. 531 of 2024
4. The Official Liquidator is directed to make payment of the fees to the Chartered Accountant as ordered by this Court earlier.
5. Accordingly, this Company Application is disposed of.
Sd/- (ASHOK S.KINAGI) JUDGE
RK CT:KHV List No.: 2 Sl No.: 22