Telangana High Court
COMPA/240/2025 of M/s. Sunrise Oleo Chemicals Limited(in liqn) Vs Nil on 22 September 2025
: IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD MONDAY, THE TWENTY SECOND DAY OF SEPTEMBER TWO THOUSAND AND TWENW FIVE PRESENT THE HONOURABLE SRI JUSTICE K.LAKSHMAN COMPANY APPLICATION NO: 240 OF 2025 IN C.P.No. 67 of 1999 ln the matter of the Companies Act, 1956 And ln the matter of
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IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
MONDAY,THE TWENTY SECOND DAY OF SEPTEMBER
TWO THOUSAND AND TWENW FIVE
PRESENT
THE HONOURABLE SRI JUSTICE K.LAKSHMAN
COMPANY APPLICATION NO: 240 OF 2025
IN
C.P.No. 67 of 1999
ln the matter of the Companies Act, 1956
And
ln the matter of M/s Sunrise Oleo Chemicals Limited (in liqn)
The Official Liquidator, attached to the Hon'ble High Court of Telangana, and Andhra Pradesh, lstfloor, Corporate Bhawan, Bandlaguda, Nagole, Hyderabad -500068
...APPLICANT
Application Under Section 462 of Companies Act, 1956 read with Rule 298
and Rule 306 of the Companies (Court) Rules 1959 praying that this Hon'ble Court may be pleased to :
take the half-yearly accounts of the subject company (in liquidation) for the period from 01 .04.2023 to 30.09.2023, along with lndependent Auditors'
Report dated 31.05.2025 submitted on 09.06.2025 by M/s. KBS and Associates, 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 e.
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), if any.
This application coming on for orders, upon reading the Judge's summons and the affidavit dated 28.07.2025 filed by Sri Uttam Kumar Sahoo, Official Liquidator attached to the High Court for the State of Telangana, in support of the Company Application and upon hearing the arguments of Sri J.sreenath Reddy, Advocate for the Official Liq u id ator/App I icant.
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The Court m
the following: ORDER
THE HONOURABI,E SRI JUST'ICE K. LAKSHMAN
COMPANY APPLICATION No.240 of Z0Z5
in C.P-No.67 of t99
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ORDER:
Heard Sri J.sreenath Reddy, learned counsel for the Official Liquidator.
2. Having satisfied with the reasons mentioned in the supporting affidavit, and upon considering the half-yearly accounts filed by the learned official Liquidator, this application is ordered with the following:- I
a. The half-yearly accounts of the subject Company, which is in liquidation for the period from 0l .04.2023 to 30.09.2023, along with the Auditor's Report dated 3+.O5.ZO2S submitted on Og .06.2025by M/s. KBS & Associat".l "nun"r"d Accountants, . are taken on record.
b. Permission is accorded to the learned Oflicial Liquidator to pay an audit fee of Rs.500/- plus GST to the Auditor.
c. Permission is also accorded to the learned official Liquidator to make the said payment from the available funds of the Company (in liquidation), or from the Estate.and Establishment Fund account if no fund is available inthe Company,s account, subject to reimbursement from the hrnds of Company (in liquidation) upon realization of its asselF. C .!h q.' \ ,/TRUE COPYI' t:3'"-'"$l&'+'i* G SEGTION OFFICER To, 2 The Official Liquidator, M/s Sunrise Qre-g !nl'ryricals Limited !n'Jicn) ' office iH{l;ii,i[ enx+lla*fi#:il-*f,ro;",,"*yffi#d; cooE-s.oo0aa ' /
3. The Regional Director, South Eastern Region, Ministry of Corporate Affairs, 3'o Flooi, Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, Hayathnagar Mandal, Ranga Reddy District, Telangana State Pin Code 500068
4. The Section Officer, O.S.Section, High Court of Hyderabad for the State of Telangana
5. One CC to Sri J.Sreenath Reddy, Advocate for Official Liquidator, High Court for the State of Telangana(OPUC)
6. Two CD Copies (t- / TPK /PR ci
i1 i ,} \ HIGH COURT DATED:2210912025
ORDER
COMPA.No.240 of 2025 IN C.P.No . 67 of 1999 t I i:'if Si* 31 $ic m6 -( \t\i\ t j (' Jc r) ,( D{'.i;=.1,11;'fl-,-\) ORDERING THE COMPANY APPEAL tA- 1 \> >r a