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High Court for State of TelanganaCOMPA/126/2024ordered

M/S. Visveswara Finance And Chit Funds Limited (In Liqn) v. No Respondent

2024-12-24Moushumi Bhattacharya4 pages

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[ 34051

IN THE HIGH COURT FOR THE STATE OF TELANGANA

AT HYDERAAAD TUESDAY, THE TWENTY FOURTH DAY OF DECEMBER TWO THOUSAND AND TWENTY FOUR PRESENT THE HONOURABLE JUSTICE MOUSHUMI BHATTACHARYA COMPANY APPLICATION No. 126 ol 2O24 COMPANY PETITION NO: 38 of 2005 ln the matter of the Companies Act, 1956 And ln the matter of M/s. Visveswara Finance and Chit Funds Limited (in liqn), Between:

The Offrcial 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 the 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 i) take the haltyearly accounts of the subject company (in liquidation) for the period from 01 .042022 to 30.092022, along with Auditor Report dated 02.08.2024 submitted on .l 3 08.2024 by M/s.

Murthy and Kanth, Chartered Accountants on record ii) cost of this application and any miscellaneous expenses may be permitted to be met out by the Official Liquidator from the available funds of the company (in lqurdatron) or Estate and Establishrnent Fund Account, if no fund is available in the company's. j This application coming on for orders. upon reading the Judge's sulrxnons and the affidavit dated 30.1 0 2024 flled by Sri Uttam Kumar Sahoo, Official Liquidator attached {o the High Court for the State of Telangana, 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 HON'BLE JUSTICE MOUSHUMI BHATTACHARYA COMPANY APPLICATION NO. 126 oF 2024 C.P.No,3 8 of 2OO5 / Mr. J. Srinadh Reddy, tearned counsel for the Official Liquidator

ORDER

This Company Application is filed by the Offlciat Liquidator under Section 462 of the Companies Act, 1956 read with Rules 306 and 298 of the Companies (Court) Rules, 1959 to take on rccord the Half-Yearly Accounts along with thc Audirors, Rcporrs submitted by M/s.Murthy & Kanth, chartered Accounranrs o[ rhe Company in liquidation.

2.

Perused the Auditors, Reports with thr-- assist:.rrrcr. ol k.arncd counsel for thc Official Liquidator. The praycr is acceprt-.ci. The Half-Yearly Accounts and the Auditors, Reports are taken on filc. This Company Application is orderccl :rr:corrlinslr 3.

Sd/- M. VIJAYA BHASKER JolNr EEG|STRAR / //TRUE COPY'

SECTION OFFICER To, The Official Liquidator, M/s. Visveswara Finance and Chit Funds Limited., 9fflce at 1st floor, Corporate Bhawan, Bandlaguda, Nagole, Hyderabad _ 500068.

The Re,gistrar of Companies, Ministry of Corporate Affairs, Government of lndia 2no floor Corporate Bhawan, Nagole, Bandlaguda, Thattiannaram Village Hayathnagar Mandal, Ranga Reddy District. Telangana State Pin Code 500 680.

The Reg_ional Director, South Eastern Region. Ministry of Corporate Affairs, 3'd floor Corporate Bhawan, Nagole, "Bandlaguda, Thattiannaram Village_ - Hayathnagar Mandal, Ranga Reddy DistriciTelangana State, pin Code 500 680.

/

4. The S.O. O.S. Section, High Court at Hyderabad, for the State of Telangana.

5. One CC to Sri J. Srinadh Reddy, Counsel for Official Liquidator, High Court for at Hyderabad [OPUC]

6. Two CD Copies / -' otrefut'

, .a i ll

HIGH COURT l U DATED:24l1212024 \.

I4Ie S f q + J ?I JAN 2[25 v a .L t ATC

ORDER

COMPANY APPLICATION No. 126 of 2024 COMPANY PET|T|ON NO: 38 of 2005 ORDERING THE COMPANY APPLICATION g.tP% W- $iilar