Telangana High Court
COMPA/231/2025 of M/s.Genius Financial Services Limited(in liqn) Vs No Respondent on 22 September 2025
THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD IVIONDAY, THE TWENTY SECOND DAY OF SEPTEIUBER TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE K.LAKSHMAN COMPANYAPPLICATION NO:231 OF 2025 C.P.No. 85 of 1997 & 108 of 1998 ln the matter of the Companies Act, 1956 And ln
[ 31681
IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
IVIONDAY,THE TWENTY SECOND DAY OF SEPTEIUBER
TWO THOUSAND AND TWENTY FIVE
PRESENT
THE HONOURABLE SRI JUSTICE K.LAKSHMAN
COMPANYAPPLICATION NO:231 OF 2025
C.P.No. 85 of 1997 & 108 of 1998
ln the matter of the Companies Act, 1956
And
ln the matter of M/s Genius Financial Services 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-yeady 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 08.07.2O25 by M/s. Murthy and .Kanth, 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 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.
IN
II
This application coming on for orders, upon reading the Judge's summons and the affidavit dated 06.08-2025 filed by Sri Uttam Kumal 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 Liq uidator/Applicant.
The Court made the following: ORDER
.a7
THE HONOURABLE SRT JUSTICE K. LAI SHMAN
COMPAN YAPPLICATI ON No. 231 of_1025
inC
.No-85 oI I
7&108of l99E
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ORDER:
Heard Sri J.Sreenath Reddy, leamed counseL Liquidator.
2. Having satisfied with the reasons mentioned it affidavit, and upon considering the halfl-yearly accot leamed Official Liquidator, this application is or lollowing:-
a. The half-yearly accounts of the subject Compz liquidation for the period fiom 01.04.2023 to jl with the Auditor's Report dated 27.05.2025 03.06.2025 by iWs.Murthy & Kanth, Charrer: are taken on record. . b. Permission is accorded to the leamed Official t i an audit lee of Rs.500/- plus GST to the Audito:-
c. Permission is also accorded to the leamed Ofli to make the said payment from the availablr Company (in liquidation), or from the Estate an,l Fund account if no fund is available in the Comp subject to reimbursement fiom the funds of. liqui4qtion) upon realization of its assets. //TRUE COPY// for the Official the supporting nts filed by the lered with the ry, which is in 09.2023, along submitted on l Accountants, luidator to pay :ial Liquidator funds of the Establishment rny's account, Company (in SD/.'I , (RISHNA KUMAR J )INT REGISTRAR I]:CTION OFFICER ,/ T
o,
1. Th -. *.31
e. Official Liquidator, M/s Genius Financial Services Lirr i 1 st fl oor, co rporate Br1ayen. a; rdl;d G !'iilEJlq. rd (in liqn), Office 'abad. \-
2. The Reoistrar of Comoanies, Ministry of Corporate Affairs Government of lndia, 2rd Floor, Corpdrate Bhawan. Nagole. Bandlaguda, Thattiannarama Village, Hayathnagdr Mandal, Ranga Reddy District, Telangana State Pin Code-500068. 3 ihe Reqional Director, South Eastern Region, Ministry of Corporate Affairs, 3'd Flooi, Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram ^Village, Hayathnagar '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
5. One iC to Sri J.sreenath Reddy, Advocate for Official Liquidator, High Court for the State of Telangana(OPUC)
6. Two CD Copies TPK /PSL I
HIGH COURT DATED:2210912025
ORDER
: 1'.- il,\'1 . l' . _-:.::t_ti---.:, COMPA.No.231 of 2025 IN, C.P.No. 85 of 1997 & 108 of 1998 ORDERING THE COMPANY APPLICA,''ION I I ...:.:' 2 JAl'l t I ao 0I i ,).Z '.
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