APHC010165572026 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI [3333]

(Special Original Jurisdiction)

FRIDAY,THE TENTH DAY OF APRIL TWO THOUSAND AND TWENTY SIX PRESENT THE HONOURABLE SMT JUSTICE V.SUJATHA COMPANY APPLICATION NO: 74 OF 2026 Between:

1. T HE OFFICIAL LIQUIDATOR,, ATTACHED TO THE HONBLE HIGH COURT OF TELANGANA AND ANDHRA PRADESH, 1ST FLOOR. CORPORATE BHAWAN, BANDLAGUDA, NAGOLE, HYDERABAD-

500068 ...APPELLANT AND

1. Nil ...RESPONDENT

1. T V P SAI VIHARI(SC FOR OFFICIAL LIQUIDATOR)

1.

The Court made the following:

THE HONOURABLE SMT JUSTICE V.SUJATHA COMPANY APPLICATION NO: 74 OF 2026 ORDER:-

This Company Application is filed under Section 462 and 551 of the Companies Act, 1956 read with Rule 306 read with Rule 298 of the Companies (Court) Rules, 1959 seeking the following relief:

“….i) take the half-yearly accounts of the subject company (in liquidation) for the period from 01.10.2023 to 31.03.2024, along with Independent Auditor's Report dated 04.02.2026 submitted on 11.02.2026 by M/s. KBS & Association, 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 subject to reimbursement of the same from the funds of Company (in liquidation) upon realization of assets of the Company (in liquidation), upon realization of assets of the Company (in liquidation).

iii) It is further submitted that, half yearly accounts of the company (in liquidation) are being filed regularly as required under section 462 of the companies Act, 1956, and per se exemption may be granted for filing of annual/ final accounts for the financial year 2023-24 as required under section 551 of the Companies Act, 1956, since the audited half-yearly accounts for the half yearly period from 01.04.2023 to 30.09.2023 and 01.10.2023 to 31.03.2024 are filed before this Court and the annual accounts for the financial year ended on 31.03.2024 is nothing but combination/ merger of the two half yearly financial statements of the financial year 2023-24 …”

Applicant.

would submit that in compliance of the provisions of Section 462 of the Companies Act, 1956, read with Rule 298 and Rule 306 of the Companies (Court) Rules, 1956, the Official Liquidator is enclosing the Half Yearly Accounts for the periods from 01.10.2023 to 31.03.2024, along with independent Auditor’s Report dated 04.02.2026, which is submitted on 11.02.2026, duly audited by M/s KBS and Associates, Chartered Accountants, pursuant to the Order of this Court, dated 04.07.2024 in C.A.No. 43 of 2024.

4. On perusal of the Report, it can be observed that there is no adverse comment and observation on the Statement of Accounts of the said company (in liquidation) and as such, the Half Yearly Account and Auditors Report of Subject Company (in liquidation) can be taken on record, exempting in filing accounts for the financial year 2023-24 as required under Section 551 of the Companies Act, 1956.

5. For the above reasons, the Company Application is allowed as prayed for. There shall be no order as to costs.

___________________ JUSTICE V.SUJATHA Date: 10.04.2026 KK