Telangana High Court
COMPA/223/2025 of M/s. Visveswara Finance and Chit Funds Limited(in liqn) Vs NO RESPONDENT on 22 September 2025
IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD MONDAY, THE TWENry SECOND DAY OF SEPTEMBER TWO THOUSAND AND TWENW FIVE PRESENT THE HONOURABLE SRI JUSTICE K.LAKSHMAN COMPANY APPLICATION NO: 223 OF 2025 C.P.No. 38 of 2005 ln the matter of the Companies Act, 1956 And ln the mafter of M/s
IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
MONDAY,THE TWENry SECOND DAY OF SEPTEMBER
TWO THOUSAND AND TWENW FIVE
PRESENT
THE HONOURABLE SRI JUSTICE K.LAKSHMAN
COMPANY APPLICATION NO: 223 OF 2025
C.P.No. 38 of 2005
ln the matter of the Companies Act, 1956
And
ln the mafter of M/s Visveswara Finance and Chit Funds Limited (in liqn)
The Official Liquidator, attached to the Hon'ble High Court of Telangana, and Andhra Pradesh, 1stfloor, 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.O4.2O23 to 30.09.2023, along with Independent Auditors Report dated 31.O5.2025 submitted on 09.06.2025 by M/s. KBS
andAssociates, 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.
fl.
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), 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 aftached 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 Offi cial Liquidator/Applicant.
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The Court made the following: ORDER
THE HONOURABLE SRJ JUSTICE I' LAKI HMAN
COMPANYAPPLICATION No.223 of I t25
tn C.P.No.38 of 2005
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ORDER:
Heard Sri J.Sreenath Reddy, learned counsel I rr the Ofiicial Liquidator.
2. Having satisfied with the reasons mentioned ir he supporting affidavit, and upon considering the half-yearly accour.s filed by the learned Oflicial Liquidator, this application is orrl red with the following:-
a. The half-yearly accounts of the subject Compan r, which is in liquidation for the period from 01.04.2023 to 30 ( 9.2023, along with the Auditor's Report dated 31.05.2025 iubmitted on 09.06.2025 by lvfls KBS & Associates, Chartereci Accountants, are taken on record.
b. Permission is accorded to the learned Offrcial Li,1 ridator to pay an audit fee of Rs.500/- plus GST to the Auditor.
c. Permission is also accorded to ttre leamed Offr,: ll Liquidator to make the said payment from the available i:nds of the Company (in liquidation), or from the Estate and I stablishment Fund account if no fund is available in the Compa ry,s account, subject to reimbursement from the funds of ( tompany (in liquidation) upon realization of its assets. SD/- K. SHYLESHI . CINT RE STRAR / -t r EcTto OFFICER To,
1. The. official Liquidator, IVI/s Visveswara Finance and ctri runilimitea rin Iiqn) office at 'tst floor, Corporate ahawan, sanJlasrd" i lg;i;;iyjJ:3"1'l' I I
.// 'ii:f Br#Fid:"'i#i.tL:"r,vp,t":?g"B""HrL",.:*:,f -:::ilmentor p91{tgggog, rhaftiannarama -Vilage, fufiififu;;tvi;;li;i, H"ni'" n"aov District, Telangana State pin CoOe--SbOo6a '-' 3' The-Regio-nar Director, south Eastem nlgion, Ministry of corporate Affairs, 3'' Floor, Comorate Bhawan, ttagote, eiioiagror, f6rtt-io,-riirl'il'ViriJ6ii, , H^avathnagar Mandar, Rangc n"Jav b-airiiit,TJLngun" state pin code 5000 6B 4' The section officer, o.s.section, High court of Hyderabad for the State of Telangana
5. one cc to sri J.Sreenath ["!gv.. Advocate for ofticiar Liquidator, High court , fortheStateofTelangana(OpuC)
6. Two CD Copies TPI(Sa l-,W
HIGH COURT DATED:2210912025 '3 r,1 02fi :t--o U O 1 b JAN L I I
ORDER
* COMPA.No.223 of 2025 IN C.P.No. 38 of 2005 ORDERING THE COMPANY APPLIC/r l'lON \)/ {)
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