M/S. Epr Pharmaceuticals Private Limited v. The Official Liquidator

IN THE HIGH COURT FOR THE STATE OF TELANGANA

AT HYDERABAD TUESDAY,THE TWENTY SEVENTH DAY OF JANUARY rWO THOUSAND AND T\ /ENTY SIX PRESENT THE HONOURABLE SMT JUSTICE T.MADHAVI DEVI COMPANY PETITION NO: 1 OF 2025

IN THE MATTER OF COMPANIES ACT, 1956

IN THE MATTER OF EPR PHARMACEUTICALS PRIVATE LIMITED

( UNDER LIQUIDATION ) UNDER SECTIONS 484,489,497 OF THE Companies Act, 1956 Read with Rules 328, 329 and 330 of the Company ( Court Rules ), 1959 R/w. Proviso U/sec. 434 ( c ) of the Companies Act' 2013. Between:

l\,4/s EPR Pharmaceuticals Private Limited, CIN No U24239TG2003PTC040924 Plot No.557, Road No.31, Jubilee Hills, Hyderabad, Telangana, lndia, 500033 Represented by its Liquidator, [/lr. Y. Suryanarayana ...PETITIONER COMPANY / Company in Liquidation AND The Official Liquidator, l/inistry of Corporate Affairs, 1st Floor, Corporate-B^!gy:t. Bandlaguda, Nagole, Hyderabad 500 068.

...RESPONDENT Company Petition Under Sections 484, 489 and 497 of the Companies Act, 1956 R/w. Rules 328, 329, 330 and 9 of the Company ( Court ) Rules, 1959 and other applicable Provisions of the companies Act, 1956 R/w. Proviso Under Section 434 ( C) of the Companies Act, 2013 praying that this Court may be pleased to pass an Order for the dissolution of the Petitioner Company, M/s EPR Pharmaceuticals Private Limited ( under Members voluntary winding up), under the provisions of Section 497 of the Companies Act, '1956 and the Company Court Rules, 1959,

Thrs Company Petition coming on for hearing, uporr r radi;.tg the company petrtron and the affrdavit dated 10-03-2025 filed by Sri y suryzrnarayana, Authorrsed Signatory of the Petitioner Company in suppr<, of the application. and upon hearing tre arguments of SRI KAILASHNATH p.S ; . r\dvocate for tlrt: Petition::r and Sri .l IjREENADH REDDy, Counsel for thr: r ffrcial Liquidator for the Respon den t The Court made the following ORDER:

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IN THE HIGH COURT F'OR ]'HE STATE OF TELANGANA

I i AT HYDEITABAD TH[. I{ONOUIiAI]LI SM'l'. JUSTICE, T. MAI)l{Avl I)EVl COMPANY PIiTITION NO.I OF 2025 DA'IED :27.01.2026 Be t rr een:

\'lls. IIPR Phannaceuticals Private Lirnited ... Pet itioner ('onrpanr../ C.ornpanr in [- iq rLid at ion ANI) The Ol tLcial Liquidator'

I{cspondent

ORDER

1-his petition has been filed by thc petitioncr companv uuder. Sections 484,489 and 497 of the Cornpanies Act, [956 read r.r,ith Rtrles .128, :129, liO and 9 ol the Cornpany (Court) I{Lrles, I959 rc'ed \vith Proviso r"rnder Section 434(c) of the Cornpanies Act, 2013 fbr dissolution of the petitioner company (undeL Members' volLurtary ., rr indins uo) \"1 \

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, C t' No.l ot 102-i 2, Thc mattcr was relerred bv this Court to the C I 'rcial Liquidator {br his lteport 3.

l he learned Standrng Couusel fbr thc Otficial I- t Lridaior has tiled the l{cport ol the Olficial Liquidator, along with rre clarifications soughr lbr b1 rhc o{-licial Liquidator and the rcsponses of the petitioner and iL is finally stated that lhe petitioner has satis r,rd all necessary conditions firr dissolution 4.

'fhe lcanred Counsel fbt tire petitioner sLtt nitted that 'no ob.icctiorr celtiilcLltes' (NOCs) hai'e beeu given by bo -l the Incotne I'ax Departrnent as rvell as the ED (Enforcement Directot'i1,) and there were no..lsscts arLii crcditors of the cornpany and that 'r-rly capital rvas invesled and siucc business did not take place' the lrt:r tioner is seeking r.vinding up of the colnpany. I'l-re petitioner coml)i1 ry has hled this petitlon for dissolr-rtion of the company (under n'r: nbers' voluntary winding up).

5.

A Notc contairring the list ol dates and events i also filed by the leamed counsel fbr the petitioner.

C.P. No.l of202i -t 6.

Learncd Standing Counsel for the Official Liquidator has relicd upon the a\,ennents in thc Report f-rled on 17.06.2025 and submitted that the pctitioncr cotrpany can be wound up and dissolved '7.

Having regar-d to the lespective contentions of both the parties. tlris Court finds that in paragraps 12 to 14, the Otflcial Liquidator has reported as under:

' 1:. 'l'hot. on titc peru.;rtl of the informatktn i tlocuntents subnittetl by tha Liqtritlutot it is .subntited as untler. a) l'htt. out of the totul ssets for the period from 10.10.2015 ro ili.2023, un amo tlt ( Rs. 12.98,97,396/- was reolised by rhc l.itluidutor u: per the Finul Slatemenl of Account.s (rom 10.i0.20I5 ro J 1.1.20))t b) 7hilt, as pcr the l,'inal .statenenl of accounls for the period Jiont 1a.10.2015 to 31.3.2023, lhe lotal amount reolised is It:.1),98,9. J96.- urul out oJ'vhich an amount of Rs.51,08,83: - ltcts ltecn int'trred to\rards cosls & charges such us Income'[ur. Pro.fessionul fee, Audit fee, Liquidator's remuneration, etc., uncl balunce anount of Rs.12,17,88,559/- has been returned to the c o nl r i b uto r ie s/s hare ho lde r s.

Hencc. total antount o.f !ls. 12,98,97,396/- was dislributed as detuiLed belov,:

Details of assets realised, expenses made iyen to Contributories and sur lus amounl Tqtal Reulisalion Less: [.itluidatiotT cxpe n.\a.\ Rs.12,98,97,396

-1 ('.P. Nr, I oll02r t,t) I ltuttn)t ttt\ - i lr":,,t lU !f, tl ''.'irtnttl utul 'l'D,\ l?.s 38.15. 1 21 I ll.s.().()() 000 i.t'ltl tttlli lt) [,itttri,,!Lt/or.:

i' (' t tl I i t] t' r ( I I I t ) n t,lt i .1u.iti '1,'

ll:t :..1_j t)()0 - j tr <l l'u1tt't R.r ,\ j r.j (;,, 5 r,08,887 I 1ttt, tl) tti: L ltur,gt,'

4rIir-l R.t - \/)0 ni:: ui -,Sl I tll,, rilrir,r,/i,.'r Bu li , !h,t i Orai,r ,,r7l,l'c'

lot,rl /l' : l,,r r,Sfut: llci i,,; t(, ( t)ttlt il)trl()t r(,\ l .\ !; I't , tttktirn,tr Er,rgt,tt llc lth l \'lr .\',t Lrrrtitruthu Rt,tltlr'

tl.s I 1.1- ,\6. tr16 /ls ,\J' /" 12,47,88,559 '

/? r.,i-l - .i,,, ( )nt,.,Lltltr Dct i .\'i, rl,r i ir .^ - l1 ti\, tLt n I -\ l tttlu4t 4,' -':i T olul t Rs.l2,4 7,88,5 59 Ru!unct nmounl A'IL ll.

Tl,ttt rrt ltr tltc ittf rtruutton /i[nirltad ht tttL is ttolittrl tirul tltt' (()t)tl)(tni ll rtl Ltrlut ltt.: no , t.iqttidator. it ;tttt'Llitty lttt tltntuttl.s t!!ttitl\l tltL' .tuid trtttrlttut.t u\ otl lotr ! rni.shed h.t lncotnc l'ux Depurtmcnt, l.l.y'derabad. ittfitrnalittn l.l Tittt rlti.s Liqtritltttor ccttt,.cttrd tfu /inul nkctin!: t lhe nentbe rs l tlut'rutti,:'cs lbt tli.s.:oitrtrott ol tlti ((,ntp t1\ otr 1.1 )0) j /lf le r ftnLt,, ttnd l)lu('ttl tlta .lintl \/dlam(nt t)f cL.(utnt bcfort tit, ttL,nthars and cxpluinctl tltL' conLltrct ol' tha tinding trp protet',ltr 1t. Ihe sitid .\loletner1t \us (tl)pr()\'ul in llrc necling by u'tty o[ 0 solulion. 7-he ,Vinules ol mccling is annaxad hcrclo ond nnrketl as.l tnexure - G.

l'herca/ict . tt\ t(,quitL,l. lhc l.iqtridutor filatl tha rcturtt t , ltorn t\to. 157 dt. 1.1.20)l rith tltr: Regi.strtrr tf ('ottponic.t, ll.r,l "uhud. A/icr L'onsiderin,q lllc .tlul('tnerll of o((ottnl end oth(:r conne(.tt (. dttt trntnts of

C.P. No.I o1 2025 I tltt tclttl;ony unrl thc liquulttrtr', tlrc O/licial Liquidator is oJ rhe hunblc I i opiniott that, the ulliirs o.l .\[.;. E?ll P har maccLrlicals Pt,t. Ltd., hn:'t, not baan cor ucttd itt rt nutttncr prejudiciol to thc intcresl of it.\ ntanthcrs or tht DUhlic ctt hcnce, it i:; a./it casc.fbr dissolution ol tfu' io jt)l)dltr trnlc't .\tttittn 1'/' t6ll) rtl tltt ( on4xtrties 1ct. 1956 r. v lltrl, 9 o/ lltt ( ontlttutie.: /( tttrr.n lltrlt.s. 1959. 7 here./bre tlt Olliciul Liqtridutor huntbly pruls thut t11i.\ Hon hlc (.'ourt nur he pletted lo;

tLtkc tltit t.(l)ot t lilt-'tl intotttltliurtt'e L)l .\ccliotl l9'(6) ol tlt' ('onptutit.r .1tt. lt):6 on ktrttLl.

litrnr trtt oltittion tlntt tltt uliirir .; of llte contpany havc not bcc'tt crmductati itt o ntunner ltrejuditid lts the inleresl oJ il.s menbers t)t to tlL lttrblit irrtt'r.,:st olLl pus.\ tlece.tsun order; 1i'r rli.ssolution ttf tht contlttut.t viz., l'1,s. EPR Pharmaceutrcal.s Private Lintitcd (ln l:oluntarr Lirluidation), under Section 197 (61)) ;tl rhe ('ornlxruics t1ct, I9i6 r/v' llule 9 of the Compunic.; (('ourt) Rult'.s, 195\) d.; pruyctl h.t, tltc opplicunt herein: ond lrlss .rrrlh ot rlcr or Ltrtlt'r.s tt.s ntol, be cletnted.fit orul propcr Ltr iii) llt , ir tttt;t,ttt,,,.r ,,/ //rt,tc.rrt.

8. ln vierv of the above, the report of the Official Liquidator dt. 17.06.2025 is taker.r on rccord and it is declared that the petitioner company Yiz., N4/s. EPR Phannaceuticals Private Limited (In Voluntary Liquidation) stands dissolved with eflect flom today, i.e., 27.01 .2026 and the Registrar of Cornpanies is directed to take necessary action to strike ofl'thc nalne of thc pctitiorler company ti'orr its lolls

('I'. No. I oil0l5 9.

lhc (lomrranv Petirion is accoldinglv oldered SD/- A. '.S.S.C.S.M SARMA JOINT REGISTRAR I i\.

//TRUE COPY'

TION OFFICER To, fhe Official Lrqurdator, Ministry of Corporate Affairs. 1 ;t Bhawan, Bandlaguda, Nagole, Hyderabad 500 068 The Regrstrar of Companies, tt4inistry of Corporate Afi; r lndia 2'' floor Corporate Bhawar Nagole Bandlagutj , Village Hayathnagar [t/andal, Ranga Reddy District. l.l Code 500 068 The Regional Director, South Eastern Regron, lVlinrstrv r loor, Corprorate ;, Government of 2.

hattrannaram nga na State Pin Corporate Affairs, annaram Village itate Pin Oode 500 3'd floor Corporate Bhawan, Nagole, Bandlaguda That Hayathnagar lvlandal, Ranga Reddy District Telangarr; One CC to SRI KAILASH NATH P S S Advocate [OF'I.i ;l 5 One CC to SRI J. SREENADH REDDY, Counsel for tlr Official Lrquidator, tligh Court at Hyderabad 6 Two CD Copies M kLrl ['SI

HIGH COURT DAf ED:2710112O26 .r:1 ..- \:i'( ;) ti.

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ORDER

COMPANY PETITION .No.1 of 2025 OITDTiRING THE C]OMPANY I'ETITION a