Telangana High Court
COMPA/246/2025 of M/s. Vidyut Steels Limited(in liqn) Vs Nil 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 APPLI CATION NO. 246 0F 2025 IN COMPANY PETITI ON NO: 26 & 65 0F 1987 ln the matter of M/s. Vidyut steels Limited ( In
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 APPLI CATION NO. 246 0F 2025
IN
COMPANY PETITI ON NO: 26 & 65 0F 1987
ln the matter of M/s. Vidyut steels Limited ( In Liqn)
Between:
The official Liquidator. attached to the Hon'ble Hrgh court of relangana, and Andhra Pradesh, 1st floor, Corporate Bhawan, Bandlagud-a, Nagole, Hyder;bad '-50006g
...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 for the Hon'ble Court may be pleased to i take the half-yearly accounts of the subject company (in liquidation) for the period from 0'1 .04 2023 to 30.09.2023, along with lndependent Auditors' Report dated 31 .052025 submitted on 09.062025 by M/s.
KBS and Associates, 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
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 sub.ject 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 daled 28-07 -2025 filed by Sri Uttam Kumar Sahoo, officral Liquidator attached to the High court for the state of relangana, rn support of the company Application and upon hearing the arguments of sri J. srinadh Reddy, Counsel for the Officiat Liquidator for the Applicant The Court made the following ORDER:
THE HONOURABI,E SRI .ITJS'tICE K. t-Ah: iHM.A.N
COMPANY APPI,ICA t'lON No. 246 ol 2 )25
in (l.P.Nos.26 & 65 ot 1987
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ORDER
Heard Sri J.Sreenath Reddy, leamed counsel cr the Official [.iquidator
2. Having satislied with the reasons mentionecl ir the supporting aflfidavit, and upon considering the half-ycarly accour ts fiied by thc lcarned Offlcial Liquidator, this application is orc:red with the lollowing:- a The half-yearly accounts of rhc subject Conrprr r,. rvhich is in liquidation for the period fiom 0l.04.20l3 ro j(r )9.2023. along with the Auditor's Rcport dated i 1.05.201: submifted on 09.06.2025 by M/s.KBS & Associarcs, Charrcr: I Accountants, are taken on record
b. Permission is accorded to the learned Ollicial t.i, uidator to pay an audit fee of Rs.500/- plus (iS'l' to the Auditor Permission is also accordcd to thc learned Otli, ial Liquidator to make the said payrnent fiom the a',,ailabl: tunds ol the Company (in liquidation), or lnrrn thc Estate anrl t.stablishment Fund account if no Iund is avtrilablc in the Clont: lny's account, subject to reimbursement lrom the lunds ol Conrpany (in Iiquidation) upon realization of its assets SD/- [.VIJAYA BHASKER JOINT REGISTRAR ./*- SECItdN oFFICER To
1. The Official Liquidator, lVlis. Vidvut Steels Limited ( I r Liqn) Office at 1'r floor, Corporate Bhawan. Bandlaguda, Nagole, Hyderab: I -5C0068
- ?TheReoistrarofCompanies,MinistryofCorporateAffairs'Governmentof
- t';;"'i; tioor- corporate Bhawan, Nagote, Bandtaguda, Thattiannaram Village Hayathnagar lt/landal, Ranga Reddy District' Telangana State Pin Code 500 680. e Tfre- Regional Director, South Eastern feglon' Ministry of Corporate - Affairs, 37d floor Corporate Bhawan, Nagole' Bandlaguda' Thattiannaram Village Hayathnagar tr/landal, Ranga Reddy District Telangana State' Pin Code 500 680.
4. iila.o o.S. Section, High Court at Hyderabad' for the State of Telangana S. On" CC to Sri J Srinadi Reddy, Counsel for Official Liquidator, High Court for at HYderabad [OPUC]
6. Two CD CoPies Kul/PSL t..ry. L. h
HIGH COURT DATED:2210912025
ORDER
COMPANY APPLICATION No.246 of 2025 ln c.P. NOS. 26 AND 65 C)F 1987 ORDERTNG THE (]ONIPANY APPLICATION \. /. ,.,:":r_:'-:l_':_-*\ , r '1 - :;i.'..- ] [ Etc 2025 /' ...-,' . r.'r1i- -'_:_- -::---::-:'/- q \l b )