Telangana High Court
COMPA/236/2025 of M/s.Magna Foundriinier 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: 236 OF 2025 IN R.C.C.No. 6 of 1999 ln the matter of the Companies Act, 1956 And ln the matter of
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: 236 OF 2025
IN
R.C.C.No. 6 of 1999
ln the matter of the Companies Act, 1956
And
ln the matter of M/s Magna Foundriinier Limited (in liqn), The Official Liquidator, attached to the Hon'ble High Court of Telangana, and Andhra Pradesh, 'lstfloor, 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-yeariy 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 O8.07.2O25 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.
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, 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 06.08.2025 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
I
.
_:
THE HONOURABLE SRIJUSTICE K. LAKSIIMAN
CO\{PANY APPLICATION No.236 of 2025
in R.C.C.No.6 of I999
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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 halt'-vearly accounts of the subject Company, which is in liquidation fbr the period fiom 01.04.2023 to 30.09.2023, along with tlre Auditor's Report dated &+.07.2025 submitted on
08. A1.2025 by M/s.Murthy & Kanth, Charterqd Accountants, are taken on record
b. Permission is accorded to the leamed Offrcial Liquidator to pay an audit t'ee of Rs.500/- plus GST to the Auditor.
c. Permission is also accorded to the learned Oflicial Liquidator to make the said payment from the available funds of the Company (in liquidation), or fiom 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 realization of its assets. //TRUE COPY// CTION OFFICER To, -r-L^ ,.\ffi^i^r I i^,,i..t.t^r l\r/s lrlaOna FOUndriinier Lim (in liqn), Office at 1st I I I I l SD/. K.SHYLESHI JOINT REGISTRAR / I
I floor, Corporate Bhawan, Bandlaguda, Nagole, Hyderabad.
2. The Registrar of Companies, Ministry of Corporate Affairs. Government of lndia, Government of lndia, 2no Floor, Corporate Bhawan. Nagole, Bandlaguda, Thattiannarama Village, Hayathnagar Mandal, Ranga Reddy District, Telangana State Pin Code-500068
3. The Regional Director, South Eastern Region, Ministry of Corporate Affairs, 3'o Floor. Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, Hayathnagar Mandal, Ranga Reddy District, Telangana State Pin Code 5000
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 iPSL $) i
HIGH COURT DATED:2210912025 t lHE S T4 '- 3 i ,rAN 2fl76
ORDER
COMPA.No.236 ot 2025 .tN RCC NO.6 0F 1999
\ ,9, * i !I II IN (n't> I I I )t I i ORDERING THE COMPANY APPLICATION *-