Of M/S.Tungabhadra Industries Limited (In Liqn) v. No Respondent
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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: 1 oF 2025 IN m ln the matter of the Companies Act, 1956 And In the matter of M/s Tungabhadra lndustries Limited (in liqn) The Offlcial Liquidator, attached to the Hon'ble High Court of_Telangana, andAndhra Pradesh, lst fl6or, 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-yearly accounts of the subject company (in liquidation) for the period from 01.10.2023 lo 31.O3.2O24, along with lndependent Auditors' Report dated 31.05.2025 submitted on 09.06.2025 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.iect 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 01.08.2025 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 Officiat Liquidator/Applicant. The Court made the following: ORDER
THE HONOURABLE SRI JUSTICE K. LAKSHMAN COMPANY APPLICATION No. 194 of 2025 ln RC.C.No. 22 of 2000 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 half-yearly accounts of the subject Company, which is in liquidation for the period from 01.10.2023 to 31 .03.2024, along with the Auditor's Report dated 31.05.2025 submitted on 09.06.2025 by IWs KBS & Associates, Chartered Accountants, are taken on record.
b. Permission is accorded to the learned Official Liquidator to pay an audit fee of Rs.500/- plus GST to the Auditor. c. Permission is also accorded to the learned official Liquidator to make the said payment from the available funds of the Company (in liquidation), or from 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.
SD/.I NAGA LAKSHMI JOINT REGISTRAR G- //TRUE COPY// SECTION OFFICER To, Limited . rl,r.e offici a! .!i-q qjg?tQ.t,,l!,{s rung ibh?dg lng g:!lie. l n'
Office at
1st floor, Corpdrate Bhawan, Bandlaguda, Nagole, Hyderabad.
2. The Registrar of Companies, _$inistry 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-5000680
3. Tle RegionalDirector, South Eastern Region, Ministry of Corporate Affairs, 3'" 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 I TPK /PSL
\ \ HIGH COURT DATED:2210912025 \ \ \ \ ,tr
ORDER
1,1 ?ilq COMPA.No.194 of 2025 IN R.C.C.No. 22 of 2000 d.
ORDERING THE COMPANY APPLICATION q