IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 22ND DAY OF MARCH, 2019 BEFORE THE HON'BLE MRS. JUSTICE S.SUJATHA COMPANY APPLICATION No.213/2018 IN COMPANY PETITION No.34/1986 BETWEEN:
M/s BELLARY SPINNING AND WEAVING CO. PVT. LTD., (IN LIQN.) REP. BY OFFICIAL LIQUIDATOR, HIGH COURT OF KARNATAKA, CORPORATE BHAVAN, 12TH FLOOR, RAHEJA TOWERS, NO.26-27, M.G. ROAD, BENGALURU-560 001. … APPLICANT (BY SMT.REVATHI ADINATH NARDE, ADV.) AND:
NIL. …RESPONDENT THIS COMPANY APPLICATION IS FILED UNDER SECTION 462 OF THE COMPANIES ACT, 1956 R/W RULES 11(b) AND 298 OF THE COMPANIES ACT [COURT] RULES, 1959, PRAYING TO APPOINT AN AUDITOR TO AUDIT THE ACCOUNTS OF THE OFFICIAL LIQUIDATOR FOR THE HALF YEAR ENDING 31.03.2018 AND FIX HIS REMUNERATION AND ETC.
THIS COMPANY APPLICATION IS COMING ON FOR ORDERS THIS DAY, THE COURT MADE THE FOLLOWING:
O R D E R The Audit Report is accepted. The fee of the Auditor shall be as fixed by this Court in C.A.No.132/2018 dated 30.01.2019.
2. The learned Official Liquidator is permitted to pay the fee, at the appropriate rate in accordance with the range fixed minimum at Rs.500/- and the maximum at Rs.8,000/-. The Auditor shall be paid accordingly.
3. The requirement as contemplated under Section 462(5) of the Companies Act, 1956 is dispensed with.
4. The application is accordingly disposed of.
Sd/- JUDGE PMR