Telangana High Court
COMPA/233/2025 of M/s.ITC Agrotech Finance and Investments Limited(in liqn) Vs No Respondent on 22 September 2025
THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD MONDAY, THE TWENW SECOND DAY OF SEPTEMBER TWOTHOUSAND AND TWENry F|VE PRESENT THE HONOURABLE SRI JUSTICE K.LAKSHMAN TE'INTZ !N C.P.No. 4 of 1999 ln the matter of the Companies Act, 1956 And ln the matter of MIs ITC Agrotech Finance and
[ 31681
IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
MONDAY,THE TWENW SECOND DAY OF SEPTEMBER
TWOTHOUSAND AND TWENry F|VE
PRESENT
THE HONOURABLE SRI JUSTICE K.LAKSHMAN
TE'INTZ
!N
C.P.No. 4 of 1999
ln the matter of the Companies Act, 1956
And
ln the matter of MIs ITC Agrotech Finance and tnvestments Limited (in Iiqn), The Offaial Liquidator, aftached to the Hon'ble Pradesh, 1st floor, Corporate Bhawan, Bandlag High uda, Court of Telangana; and Andhra Nagole, HSerabad -500068
t.
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 04.07.2025 submitted on 08.07.2025 by M/s. Murthy and Kanth, Chartered Accountants on record and permission may be accoded 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), if any.
This application coming on for orders, upon reading the Jr.rdge's summons and the afiidavit dated 06.08.2025 filed by Sri Uttam Kumar Sahoo, Official Liquidator attached to the High Court for the State of Telanganp, in support of the Company Application and upon hearing the arguments of Sri J.Sreenath Reddy, Advocate tor the Official Liquirlator/Applicant.
The Court made the following: ORDER
To,
THE HONOURABLE SRIJUSTICE IC LAKSHMAN
of
h C.P.No.a of I99
RII-IIIiE
Heard Sri J.Sreenath Reddy, leamed counsel for the Oflicial Liquidator.
2.
Having satisfied with the reasons mentioned in the supporting affidavit, and upon considering the half-yearly accounts filed by the leamed Official Liquidator, this application is ordered with the followingi
a. The half-yearly accounts of the subject Company, which is in for the period from 01.04.2023 to 30.09.2023, atong with the Auditor's Report dated 04.01,2025 submined on 08.0X.2025 by Ms.Murthy & Kanth, Chartered Accountants, are taken on record.
b. Permission is accorded to the leamed Official Liquidator to pay an audit fee of Rs.500l plus GST to the Auditor.
c. Permission is also accorded to the leamed Offrcial 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 in the Company's account, subject to reimbursement from the funds of Company (in liquidation) upon realization of its assets.
SD/. K.SHYLESHI
JOINT REGISTRAR
CTION OFFICER
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
1. The Official Liquidator, M/s ITG Agrotech Fi Corporate nance Li at 1st floor, rl rtr{'El$:'n liqn), Office Hyd-erabad.. Bhawan, ndlaguda, mited (in Nagole,
\ ,;
2. The Registrar of Companies, Ministry of C,orporate Affairs, Govemmentof lndia, 2m Floor, Corporate Bhawan, Nagole, Bardlaguda, Thattiannamma Village, Hayathnagar Mandal, Ranga Reddy District, Telangana State Pin Code-500068.
3. The Regional Director, South Eastern Region, Ministry of Corporate Affains, 3ro Flooi, Corporate B hawan, N agole, Band lagud a, Thafr ian naram _Village, F{ayathnagar 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 S. One dC to Sri J.Sreenath Reddy, Advocate for Official Liquidator, High Court for the State of Telangana(OPUC) M6. Two CD Copies TPI( PSL
{ I ,i I 2[2 1 6 JAll it { fI 6 j,,) (_ ' -.4./ COMPA.No.233 of 2025 ORDERING THE COMPANY APPLTCATION ?^ \1,