Andhra Pradesh High Court
COMPA/142/2026 of THE OFFICIAL LIQUIDATOR Vs NIL on 30 June 2026
for orders : ------- Date of pronouncement : 01.07.2026 Date of uploading : 07.07.2026 APHC010308792026 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) [3573] WEDNESDAY, THE 1st DAY OF JULY 2026 PRESENT THE HONOURABLE SRI JUSTICE BALAJI MEDAMALLI COMPANY
Date of reserved for orders : -------
Date of pronouncement : 01.07.2026
Date of uploading
: 07.07.2026
APHC010308792026
IN THE HIGH COURT OF ANDHRA PRADESH
AT AMARAVATI
(Special Original Jurisdiction)
[3573]
WEDNESDAY, THE 1st DAY OF JULY 2026
PRESENT
Between:
1. THE OFFICIAL LIQUIDATOR, ATTACHED TO THE HON'BLE HIGH
COURT OF TELANGANA, AND ANDHRA PRADESH, 1ST FLOOR, CORPORATE BHAWAN, BANDLAGUDA, NAGOLE, HYDERABAD-
500068.
...APPELLANT
AND
1.
NIL, A
...RESPONDENT
To Take the half-yearly accounts of the subject company (in liquidation)
for the period from 01.10.2024 to 31.03.2025, along with Independent Auditor's Report dated 26.05.2026 submitted on 29.05.2026 by M/s.Murthy and Kanth, Chartered Accountants on record and permission may be accorded to make the payment of audit fee of Rs.500/- plus GST to the said auditor.
Cost of this application (Court fee Stamps and Notary Charges etc.,) may be permitted to be met out by the Official Liquidator from the available funds of the company (in liquidation) or Estate and Establishment Fund account if no fund is available in the company's account subject to reimbursement of the same from the funds of Company (in liqn) upon realization of assets of the Company (in liqn). It is also submitted that, half-yearly accounts of the company (in liqn) are being filed regularly as required under section 462 of the Companies Act, 1956, and per se exemption may be granted for filing of annual/final accounts for the financial year 2024-25 as required under section 551 of the Companies Act, 1956, since the audited half-yearly accounts for the half yearly period from 01.04.2024 to 30.09.2024 and 01.10.2024 to 31.03.2025 are filed before the Hon'ble Court, and the annual accounts are nothing but combination /merger of the two half yearly financial statements of the financial year 2024-25, and if any.
Counsel for the Appellant:
1. T V P SAI VIHARI (SC FOR OFFICIAL LIQUIDATOR)
Counsel for the Respondent:
1.
The Court made the following:
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ORDER:
This Company Application is filed under Section 462 of the Companies Act, 1956 read with Rule 306 read with Rule 298 of the Companies (Court) Rules, 1959 seeking the following relief: “….i) take the half-yearly accounts of the subject company (in liquidation) for the period from 01.10.2024 to 31.03.2025, along with Independent Auditor's Report dated 26.05.2026 submitted on 29.05.2026 by M/s. Murthy & Kanth, Chartered Accountants on record and permission may be accorded to make the payment of audit fee of Rs.500/- plus GST to the said auditor.
ii) Cost of this application (Court fee Stamps and Notary Charges etc.,) may be permitted to be met out by the Official Liquidator from the available funds of the company (in liquidation) or Estate and Establishment Fund account if no fund is available in the company's account subject to reimbursement of the same from the funds of Company (in liqn) upon realization of assets of the Company (in liqn).
iii) It is also submitted that, half-yearly accounts of the company (in liqn) are being filed regularly as required under section 462 of the Companies Act, 1956, and per se exemption may be granted for filing of annual/final accounts for the financial year 2024-25 as required under section 551 of the Companies Act, 1956, since the audited half-yearly accounts for the half yearly period from 01.04.2024 to 30.09.2024 and 01.10.2024 to 31.03.2025 are filed before the Hon'ble Court, and the annual accounts are nothing but combination /merger of the two half yearly financial statements of the financial year 2024-25….”
2. Heard Mr. T.V.P.Sai Vihari, learned counsel for Official Liquidator/ Applicant.
3. Learned counsel for Official Liquidator/ Applicant would submit that in compliance of the provisions of Section 462 of the Companies Act, 1956, read with Rule 298 and Rule 306 of the Companies (Court) Rules, 1956, the Official Liquidator is enclosing the Half Yearly Accounts for the periods from 01.10.2024 to 31.03.2025, along with independent Auditor’s Report dated 26.05.2026, which is submitted on 29.05.2026, duly audited by M/s Murthy & Kanth, Chartered Accountants, pursuant to the Order of this Court, dated 15.07.2025 in C.A.No.06 of 2025.
4. On perusal of the Report, it can be observed that there is no adverse comment and observation on the Statement of Accounts of the said company (in liquidation) and as such, the Half Yearly Account and Auditors Report of Subject Company (in liquidation) can be taken on record, exempting in filing accounts for the financial year 2024-25 as required under Section 551 of the Companies Act, 1956.
5. For the above reasons, the Company Application is allowed as prayed for. There shall be no order as to costs.
Miscellaneous applications pending, if any, shall stand closed.
__________________________ JUSTICE BALAJI MEDAMALLI Date: 01.07.2026 SAK
Whether the order is: Speaking ☑ Reasoned
Reportable
Non-reportable ☑
Date: 01.07.2026
SAK