Telangana High Court
COMPA/224/2025 of M/s. Vini-Metaspin Steels Limited(in liqn) Vs NO RESPONDENT on 22 September 2025
IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD IUONDAY. THE N/VENTY SECOND DAY OF SEPTEMBER TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE K.LAKSHMAN COMPANY APPLICATION NO: 224 OF 2025 IN C.P.No.209 of1998 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
IUONDAY. THE N/VENTY SECOND DAY OF SEPTEMBER
TWO THOUSAND AND TWENTY FIVE
PRESENT
THE HONOURABLE SRI JUSTICE K.LAKSHMAN
COMPANY APPLICATION NO: 224 OF 2025
IN
C.P.No.209 of1998
ln the matter of the Companies Act, 1956
And
ln the matter of M/s Vini-Metaspin Steels 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
,..APPLIGANT
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 (tn 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 Assocrates, Chartered Accountants on record and permission may be accorded to make the payment of audit fee of Rs.500/- plus GST to the said aud itor.
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 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
ii.
(
THE HONOUR,{BLE SRI JUSTICE K. LAKSHMA)
COMPANY -4,PPLICATI ON No. 224 of 2025
l (-.P.i\o. 2{19 nt l99t
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ORDER:
Heard Sri J.Sreenatl.r Redd1,, iearned counsel fbr thc ' ttjcieL Liquidator.
2. Having satrsfied with the reasons mentioned in the sul I lftinll affidavit, and upon considering the half-yearly accounts filec ry the learned Official Liquidator, this application is ordered u r h the following:-
a. The half-yearly accounts of the subject Company, u,hi: is rn liquidation for the period from 01.04.2023 to 30.09.202.,. along with the Auditor's Report dated 31.05.2025 submilt cl on 09.06.2025 by N4rs KBS & Associates, Chartered Acc() rants^ are taken on record.
b. Permission is accorded 10 the leamed Ollicial Liqurd;tr,r c pa\ an audit fee of Rs.500/- ptus GST to the Auditor.
c. Permission is also accorded to the learned Ofllcial l_Lc r ciatc.,r to make the said pa)lnenr fiom the available fund. lthe Company (in liquidation), or fiom the Estate and Establrs .rnelt Fund account rl'no fund is arailable rn the Company s :t j ()uni. subject to reimbursement liom the funds of Compr r v (in Uquidation) upon realization of its assets. Sd/- B. l; TTYAVATHI //TRUE COPY// Kl''']*** ECTI( N OFFICER
1. The Official Liquidator, M/s Vini-Metaspin Steels mited (in To, 1st floor, Corporate Bhawan, Bandlaguda, Nagole, Hyderabad ir 1r ) Office at 5I )068
2. The Reaistrar of Companies, Minlstry of Corporale Affairs. Government of ./ lndra, 2rd Floor, Corporate Bhawan,'Nagole, Bandlaguda, Thattiannarama / Village, Hayathnagar lt/andal, Ranga Reddy District, Telangana State Pin Code-500068
3. The Reqional Drrector, South Eastern Region, Ministry of Corporate Affairs, 3'o Flooi, Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, Hayathnagar l\,4andal, 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 TPK /PR _-,r<T1r}ht-ch IrTrTrHrr -lTTr l lrrT: \/.mes e1 P*
HIGH COURT DATED:2210912025
ORDER
COMPA.N o.224 of 2025 IN C.P.No. 209 of 1998 0 5 lAi'i ?ii?o ,l :5i.iI,:. :, \r' <) .} ,'t ORDERING THE COMPANY APPEAL fls t 2-\ \L, )rl