Telangana High Court
COMPA/1264/2010 of THE OFFICIAL LIQUIDATOR Vs - on 30 December 2010
COURT OF JUDICATURE OF ANDHRA PRADESH AT HYDERABAD (Original Jurisdiction) PRESENT THE HON’BLE Ms. JUSTICE G.ROHINI THURSDAY, THE THIRTIETH DAY OF DECEMBER TWO THOUSAND AND TEN Company Application No.1264 of 2010 In Company Application No.781 of 2009 IN C.P.No. 32 of 1991 In the matter of
IN THE HIGH COURT OF JUDICATURE OF ANDHRA PRADESHAT HYDERABAD(Original Jurisdiction)
PRESENT
THE HON’BLE Ms. JUSTICE G.ROHINI
THURSDAY, THE THIRTIETH DAY OF DECEMBERTWO THOUSAND AND TEN
Company Application No.1264 of 2010
In
Company Application No.781 of 2009
IN
C.P.No. 32 of 1991
In the matter of M/s. Sri Kalyana Srinivasa Textiles Ltd., (in liquidation)
The Official Liquidator,High Court of Andhra Pradesh,Hyderabad.
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O R D E R:
This is an application filed by the Official Liquidator attached to this Court asLiquidator of the above named company in liquidation under Section 462 of theCompanies Act, 1956 read with Rule 306 and 9 of the Companies (Court) Rules,1959 seeking approval of the half-yearly account of the company in liquidation forthe period from 01.10.2008 to 31.03.2009. While stating that there was delay inreceiving the Accounting Certificate and making further verification with reference torecords of the company, the Official Liquidator further prayed to condone the delayin filing the half-yearly account.
I have heard Sri M.Anil Kumar, learned counsel for the Official Liquidator andperused the material placed along with the application including the auditors reportdated 03.08.2009 submitted by Sri K.Kesava Reddy & Co., (CharteredAccountants) as well as the affidavit of the Official Liquidator verifying the accountand the statement of account.
Having regard to the documents placed before this Court, and there being noaudit objections, I deem it appropriate to approve the half-yearly account submittedin respect of the company in liquidation by condoning the delay in filing the same.
Accordingly, the company application is ordered as prayed for. No costs.
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G.ROHINI,J