COMPA/531/2021 of M/s.Uplands Finance and Chit Funds (P) Ltd. Vs No Respondent on 31 December 2021

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD

F'RIDAY..f}IE TITIRTY I'IRST DAY [()I' ]t)ECIiMBI.]IITWO THOUSAND AND TWENTY ONF, PRESENTTHE HONOURABLE SRI JUSTICE T, VINOD KUMARcoMpANy APPLICATION I!O.s31 QI 2-I.41

INCP. No.38 / 2OO2

IN TIIE MATTER OF THE COMPANIES ACT, 1956

AND

IN THE MATTER OF M/s UPLANDS FINANCE & CHIT FUNDS (P)LTD. Un Liqn.)

Between

The Assistant Official Liquidator,For the State of Tc)angana and thcState of Andhra Pradesh, at Hvderabad.

APPLICANT

Company Application Under Section 462 of the CompaniesAct, 1956 read with Rule 306 and read with Rule 298 of theCompanies {Court) Rules, 1959 praying that this Hon'ble Court maybe pleased to :

'l'akc tht h;rllrr::rrlr a(collnts lor thr' yrclt,rcl ltonr Ol.lO lolo l1)31.o3.2O21 alons rrith :\uclilo|s Rrp,rrt .i.r1((l 28 oa l0-llstrbnritttcl [()1r ]3().0().202 I bv l\'l/s IillS &, nsso(rirtcs. Clr;irtt rt clAc(()unlants ort rccor<l ancl lrcrtntssron bc irccotcltrl lo r:t,tl<r'llit\ [n.rr-r'rl ][oi ][audit ][lcc;]strbnritttcl [()1r ]3().0().202 I bv l\'l/s IillS &, nsso(rirtcs. Clr;irtt rt clAc(()unlants ort rccor<l ancl lrcrtntssron bc irccotcltrl lo r:t,tl<r'llit\ [n.rr-r'rl ][oi ][audit ][lcc;]

llOrdcr thzrt th(: cosl ol this :r1;plic:ation irttci iurv nris(icllan( [r)Lts]expcns( s do corle out of lhr: fttnds oi thc [( ]ompu]n\ or llsl:'tlc ;rl(llrstablislrmollt [runri rI Ir:nds arc not a\';rilal)lc irr compatrt.

This Company ApplicaLion coming on for orders upon reading thcCompany ApplicaLtion and the affidavit datcd 29- I 1-202 I filcd [b1,]Sri Kolakaluri Aravind, Asst. Otficial Liquidator in support of thcCompany Application and upon hcaring the argumcnts of Sri J.SrcenathReddy, learned counsel lor the Official Liquidator for the Applicant.

The Court made the following ORDER [:]

q RQER

THE HON'BLE [SRI JUSTICE ][T. ][VINOD KUMAR]

CO MPANY [APPLICATION][ No. ][531 ][of ][2o2t']

'1'his is lilt:ci 1l tlre '\ssislarrt [olliciirl]Cort.rpiirrr .-\1;plication l-lclLli(irltor [r:llclcr Scction ]['162 ][ol ][thc ][Comptttlics ][Acl ][l()56 ][rcacl ][litll]Rule 306 of [thc Conlpan) ][(CoLlrt) ][Rulcs, ][i ][959 ][to ][tatke rrn ][rt:cord ][the]half-yearl-v- [accounts along ][u'ith ][the auditors' reporls ][of ][M/s ][i"LlS ][ti:]Associates'CharteredAccountantSolthecompal-rvrnliquidation'Cort.rpiirrr .-\1;plication l-lclLli(irltor [r:llclcr Scction ]['162 ][ol ][thc ][Comptttlics ][Acl ][l()56 ][rcacl ][litll]Rule 306 of [thc Conlpan) ][(CoLlrt) ][Rulcs, ][i ][959 ][to ][tatke rrn ][rt:cord ][the]half-yearl-v- [accounts along ][u'ith ][the auditors' reporls ][of ][M/s ][i"LlS ][ti:]Associates'CharteredAccountantSolthecompal-rvrnliquidation'

Perused the [Auditors' ][Reports ][with the ][assistance ][of]Sri J.Sreenath [Reddy, ][learned ][counsel ][for the ][Official ][Liquidator']The prayer [is ][accepted. ][The ][half-yearly ][accounts ][and ][the ][auditors']reports are [taken on ][file.]

This Compan,,- [Application ][is ordered accordingl'r'']

sd/_M [sANriixlH#X.l]//rRUE coPY// sECrldffiDER

To'1.I i^, 'i^.t^r N,'1/s. Uple^^" [Finance and ][Chit ][Funds ][(P) ][Ltd" ][(in ][Liqn ][)]fi [.:Tl1ii[:ifrn:m*.;;*::n:;:l+'"r*t]ff ][[iT:"Jffi ]["'"]2.lli'n:'"'"'"'"o"un'"'-r*r*t*,flr*-ra,---ffi";'iFloo;. [Corporate Bhawan' ][t'l]3.i*'lrrir'ffi

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5eJ-*:#J,'-,"*!??f [lift"oll];i,iunserrororriciarLiquidator'Hishcourttor]

6. [Two ][CD CoPies]7- One [SP]are [CoPY]Kj HIGH COURT

DATED:31/1212021

iHE [sI4]!io[rr]co(J0$At'irr,tlORDERS*\.,t- .r.nt . .tCOMPANY APPLICAT]ON [No.531 ][of ][2021]INCP NO.38 of 2002

Ordering the Company Application.

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