M/S.Sri D.S.M Chit Funds Private Limited (In Liqn) v. Nil
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[ 31681
IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
fVONDAY,THE TWENTY SECOND DAY OF SEPTEIVBER TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE K.LAKSHMAN COMPANY APPLICATION NO: 206 OF 2025 IN C.P.No. 25 ot 2008 ln the matter of the Companies Act, 1956 And ln the matter of M/s Sri D.S.M Chit Funds Private Limited (in liqn), The Official 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 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 .03.2024, along with Independent Auditors Report dated 31 .05.2025 submitted on 09.06.2025 by lV/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 aud itor.
.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 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 Official Liquidator/Applicant. The Court made the following: ORDER
THE HONOURABLE SRI JUSTTCE K. LAKS HMAN CONIPANY APPLICATION No.206 of .t ,25 ln C.P.No. 25 of200E ORDER:
Heard Sri J.Sreenath Reddy, leamed counsel { rr the Ofhcial Liquidator.
2.
Having satisfied with the reasons mentioned irr ihe supporling affidavit, and upon considering the half-yearly accolr ts filed by the leamed Official Liquidator, this application is orl:red with the following:- ,1r" 1ru11'-yearly accounts of the subject Comp: r y, which is in a liquidation lor the perkrd from 01.10.2023 to 3I . ].3.2024, along with thc Auditor's Rcpofl dated 31.05.202: submitted on 09.06.2025 by M/s KIIS & Associates, Charter: I Accountants, are taken on record b. Permission is accorded to the learned Official Li, uidator to pay an audit fee of Rs.500/- plus GS'I to the Auditor c. Permission is also accorded to the leamed Ofli ial Liquidator to make the said payrnent lrom the available funds of the Company (in tiquidation), or from the Estate an I Establishment Fund account if no fund is available in the Comp 1ny's account, subject to reimbursement fiom the funds or' Company (in liquidation) upon realization of its assets SD/. I\.VIJAYA BHASKER JOINT RSGISTRAR /6SECTIdN OFFICER To,
1. The Official Liquidator, tvl/s Sri D.S.M Chit Funds Priv rte Limited (in liqn), Office at 1st floor. Corporate Bhawan, Bandlaguda, Na5lr le, Hyderabad. I
The Registrar of Companies. -Ministry of Corporate Affaiis, Government of lndia Government of lndia, 2no Flooi. Corpoiate Bhawan. Nagole. Bandlaguda, Thattiannarama ^Village,-Hayathnagar Mand'al, R"anga Reddy District, Telangana State Pin Code-5OO06gO The_Regiorral Director, South Eastern Region, Ministry of Corporate Affairs, 3'" Floor. Corporate Bhawan. Nagole Bandlaguda. Thattiannaram Village, Hayathnagar A/andat, Ranga Reddy District, ielangana State pin Code"5000 The Section Officer, O.S.Sectton, High Court of Hyderabad for the State of Telangana One CC to Sri J.Sreenath lejd.dy_, Advocate for Official Liquidator, High Court for the State of Telangana(OPUC) Two CD Copies TPK /PSL ry/
HIGH COURT DATED:2210912025 . =:r"
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ORDER
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COMPA.No.206 of 2025 IN C.P.NO.25 of 2008 ORDERING THE COMPANY APPLICA l-lON g ?8