M/S Ap Steels Ltd And Various Companies (In Liqn) v. No Respondent
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IN THE HIGH COURT FOR THE STATE OF TELANGANA
AT HYDERABAD TUESDAY, THE FIFTEENTH DAY OF DECEMBER TWO.THOUSAND AND TWENTY PRESENT THE HONOURABLE SRI JUSTICE A.RAJASHEKER REDDY COMPANY APPLICATIO N NO: 6't OF 2020 IN R.C.C. NO: 2 OF 1995 ln the Matter of the Companies Act, 1956 And ln the Matter of M/s. A.P.Steels Ltd., and Various Companies (in Liqn.) Between:
The official Liquidator, attached to Honourable High court for the state of Telangana at Hyderabad.
...AppLtCANT Company Application under Section 462 of the Companies Act' 1956 read withRules9,302&30gofthecompanies(court)Rules,lg5gprayingthatthis Hon'ble Court may be Pleased to take the audit report daled 2110812020 for the period from 0110412018 1o 3llo3t2olgSubmittedbyM/s.T.BadarinathandAssociates'Chartered Accountants on the Estate and Establishment Fund and Company Paid Staff Terminal Benefit Fund A/c is enclosed herein' vide Annexures-C and D on record.
permit the Official Liquidator to pay audit fee of Rs 40'000/- and GST thereon from the Estate and Establishment Fund A/c to the said auditor' orderthattheCostofthisapplicationandanyotherincidentalexpensesof auditing do come out of the funds of Estate and Establishment fund Aic' This Company Application coming on for orders upon reading the Judqe's summons and the affidavit daied 04t1212020 and filed by Sri Suresh Dharavath' Assistant Official Liquidator in support of the Company Application and upon hearing the arguments of sri J.Srinadh Reddy, counsel for the official Liquidator for the Applicant.
The Court made the following: ORDER
HOII'BLE SRI JtlsTICE A.RAJA REDDY 6to 10l!
of 1995 ORDI R::
MP NY A PPI- I Il() IN RC( N o.l This Application has been filed under Section 462 of the Companies Act, 1956 read with Rules 9 302 and 309 of the Companies (Court) Ru1es, l9S9 seeking to:
I take the Audit report dated 21,_Og_2O2O for the period 01-04-2018 to 31_03_2019 "trUmitt.a Uy M/ s. T. Badarinath & Associates, Cfr".te.ea Accountants on the Estate and Bst"itiJ-.,rt 3"1.
and Company paid Sraff terminal benefit fund Alc is enclosed herein ,.ra".
Annexure-C and D on record;
p:Ti,_ ^the Official Liquidator to pay the Audit fee of Rs.40,OOO /- and GST thereon f.orn ti,. n"rrt. and Establishment Fund A/c to the ""ia ""ai,", A t1.
11I order that the cost of this other incidental expenses of of the funds of Estate and A/c.
Application and any auditing do come out Establishment Fund Heard Sri J. Srinadh Redd,v, learned counsel appearing for the Official Liquidator and perused the audit report dated 21_0g_ 2020.
Having regard to the reasons stated in the affidavit filed along with the Judge's Summons and there being no objection, the audit report dated 21-0g-2020 is taken on file. The official Liquidator is permitted to pay M/s. T. Badarinath & Associates the audit fee of Rs.4O, OOO /- + GST thereon from the Estate and Establishment Fund Account The Application is ordered accordingty.
Sd/.K,GANGADHAR RAO JOINT REGI TRAR //TRUE COPY// SECTION OFFICER To Gl^',r The Official Liquidator, Hrgh Court at Hyderabad for the State of Telangana, Office at 1'' floor, Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, Hayathnagar l\,4andal. Ranga Reddy District, Telangana State Pin Code500 680.
The Reqistrar of Compantes, l\,4inistry of Corporate Affairs, Government of lndia, 2nd Floo"r, Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village, Hayathnagar Mandal Rang Reddy District, Telangana State Pin Code-500 680 in"J n.gt";r Dir".ioi, soi,il-, ri*ern Region, H,'ti"nistry of corporate Affairs, 3'd floor, C5rporate Bhawan, Nagole, Bandlaguda, Thattiannaram-Vlllage, Hayathnagar l\,4andal, Ranga-Reddy District, Telangana State Pin Code-500680. The Section Officer, OS Section, High Court for the State of Telangana at Hyderabad.
Oie CC to Sri J.Srinadh Reddy, Official Liquidator, High Court at Hyderabad Two CD Copies 6.
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HIGH COURT DATED:1511212020 iC.
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ORDER
Company Application No.61 of 2020 ln R.C.C.No.2 of 1995 Ordering the CA.
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