Telangana High Court
COMPA/221/2025 of M/s. South Asian Agro IndustriesLimited. (in liqn.) Vs No Respondent on 22 September 2025
COURT FOR THE STATE OF TELANGANA AT HYDERABAD MONDAY, THE TWENTY SECOND DAY OF SEPTEMBER TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE K.LAKSHMAN COMPANY APPLICATION NO. 221 OF 2025 IN C.P.Nos.264 I 2013 & 64 of 2014 ln the matter of the Companies Act, 1956 And tn the
IN THE HIGH COURT FOR THE STATE OF TELANGANA
AT HYDERABAD
MONDAY,THE TWENTY SECOND DAY OF SEPTEMBER
TWO THOUSAND AND TWENTY FIVE
PRESENT
THE HONOURABLE SRI JUSTICE K.LAKSHMAN
COMPANY APPLICATION NO. 221 OF 2025
IN
C.P.Nos.264 I 2013 & 64 of 2014
ln the matter of the Companies Act, 1956
And
tn the matter of M/s. South Asian Agro tndustries Limited ( ln Liqn)
Between:
M/s. South Asian Agro lndustries Limited. (in liqn.), attached to the Hon'ble High Court of Telangana, and Andhra Pradesh, 1st floor, Corporate Bhawan, Bandlaguda, Nagole, Hyderabad -500068.
.. Applicant
Company Application Under Section 462 of the 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 repord and permission may be accorded to make the payment of audit fee of Rs.500l 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), if any.
This Company Application coming on for orders, upon reading the Judge's summons and the affidavit dated 28.01.2025 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. Srinadh Reddy, Counsel for the Official Liquidator/Applicant.
The Court made the following ORDER:
ii.
ti
THE HONOURABLE SRI JUSTICE K. LAKSHMAII
COMPAITIY APPLICATION No. 221 of 2025
ln C,P.No.s 264 of20l3 and 64 of20l4
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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:-
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 31.05.2025 submitted on 09.06.2025 by lWs KBS & Associates, Chartered Accountants, are taken on record.
b. Permission is accorded to the learned official 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 in the company's account, subject to reimbursement from the funds of Company (in liquidation) upon realizationof its assets. //TRUE COPY// SD/. B.SATYAVATHI JotNr lE;GtsrRAR e SECTION OFFICER To, 1' The Official Liquidator, M/s. South Asian Agro lndustries Limited., Office at 1rt floor, Corporate Bhawan, Bandlaguda, Nagole, Hyderabad -500068.
2. The Registrar of Companies, Ministry of Corporate Affairs, Government of lndia 2nI floor Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village Hayathnagar Mandal, Ranga Reddy District, Telangana State Pin Code 500 680.
3. The Regional Director, South Eastern Region, Ministry of Corporate Affairs, 3d floor Corporate Bhawan, Nagole, pand{aguda, Thattiannaram Village Hayathnagar Mandal, Ranga Reddy District Telangana State, Pin Code 500 680.
4. The S.O. O.S. Section, High Court at Hyderabad, for the State of Telangana.
5. One CC to Sri J. Srinadh Reddy, Counsel for Official Liquidator, High Court for at Hyderabad IOPUC]
6. Two CD Copies Kul/PSL
\ \ \ HIGH COURT DATED:2210912025
ORDER
COMPANY APPLTCATION No.221 ot 2025 IN COMPANY PETITION Nos. 264 of 2013 & 64 of 2014 ORDERING THE COMPANY APPLICATION. ) \\ t :1i\ 1 STA S' 1l JAN?t[t * q 1o ] !I TI I