Telangana High Court
COMPA/217/2025 of M/s. Sri D.S.M Chit Funds Private Limited(in liqn) Vs No Respondent 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 TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE K.LAKSHMAN COMPANY APPLICATION NO: 217 OF 2025 IN C.P.No. 25 of 2008 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 TWENTY FIVE
PRESENT
THE HONOURABLE SRI JUSTICE K.LAKSHMAN
COMPANY APPLICATION NO: 217 OF 2025
IN
C.P.No. 25 of 2008
ln the matter of the Companies Act, 1956
And
ln the matter of M/s D.S.M Chit Funds Private Limited (in liqn)
The Official Liquidator, attached to the Hon'ble High Court of Telangana, and Andhra Pradesh, 1st floor, 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 lndependent Auditors Report dated 31 .O5.2O25 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.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 frorn"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, II
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 Liquidator/Applicant.
The Court made the following: ORDER
'THE HONOURABLE SRI JUSTICE K. LAK! IIMAN
CON'IPANY APPLICATION No. 217 oI l. t25
ln C-P.No- 2s of:008
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ORDER:
Heard Sri J.Sreenath Reddy, leamed counsel 1 rr the Official Liquidator.
2. Having satisfied with the reasons mentioned irr the supporting affidavit, and upon considering the half-yearly accour ts filed by the learned Official Liquidator, this application is orc :red with the following:-
a. The half-yearly accounts of the subject Compr ,y, which is in liquidation for the period fiom 01.04.2023 to 30 )9.2023, along with the Auditor's Report dated 31.05.202:; submitted on 09.06.2025 by IWs KBS & Associates, Chartere i Accountants, are taken on record
b. Permission is accorded to the leamed Official I i luidator to pay an audit fee of Rs.500/- plus GST to the Auditor
c. Permission is also accorded to the learned Of I :ial Liquidator to make the said payment from the availab Lr funds of the Company (in liquidation), or from the Estate ant Establishment Fund account if no fund is available in the Corrr; any's account, subject to reimbursement from the funds of Company (in liquidation) upon realization of its assets { d/- B. SAryAVATHI JOINT REGISTRAR //TRUE COPY// SECTION OFFICER I To, 1 The officiar Liquidator. M/s D S.M chit Funds private Lirr ted (in riqn) office at 1st ftoor, corporare Bhawan, Bandtag;da-, il;g,jr;, Hiyi,i ilao - 50006s
2. The Registrar of Companies, Ministry of Corporate Affairs, Government of lndia, 2no Floor, Corporate Bhawan, Nagole, Bandlaguda, Thattiannarama ' Village, Hayathnagar lr,'landal, Ranga Reddy District, Telangana State Pin Code-500068.
3. The Regional Director, South Eastern Region, Ministry of Corporate Affairs, 3'' Floor, Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, Hayathnagar Mandal, Ranga Reddy District, Telangana State Pin Code 5000 680
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 TPK /DL
I ) HIGH COURT DATED:2210912025
ORDER
COMPA.N o.217 ot 2025 IN C.P.No. 25 of 2008 (. *./ oot 2',1. tAll 2028 \ t t -i-- . '\j- ORDERING THE COMPANY APPLICTITION t8" i si4