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High Court for State of Telangana · 7 Jan 2025

COMPA/138/2024 of In the matter of M/s. Teamasia Lakhi Semiconductors Limited (in liqn) Vs No Respondent

Headnote · Company Law · Taking on record half-yearly accounts and auditors' reports of a company in liquidation under Section 462 of the Companies Act, 1956

The High Court took on record the half-yearly accounts and the auditors' reports of the company in liquidation, the Official Liquidator's application being accepted after perusal of the reports with the assistance of counsel. The order is a procedural direction and does not lay down any proposition of law. 2

Company in liquidation — Half-yearly accounts · Auditors' report — Taking on record · Official Liquidator — Application under S. 462 Companies Act, 1956 · Companies (Court) Rules, 1959 — Rules 298 and 306 · Interim administrative order — No point of law

Headnote written by AI; each point names the paragraphs it rests on. Read them before you rely on it.

  1. Passage 1

    [ 340s ] IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD TUESDAY, THE SEVENTH DAY OF JANUARY TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE JUSTICE MOUSHUMl BHATTACHARYA COMPAN Y APPLICAT toN No. 138 o1 2024 IN COMPANY PETITION NO: 178 of2003 ln the Matter of the Companies Act, 1956 And ln the matter of M/s. Teamasia Lakhi Semiconductors Limited (in liqn) Between: 500068 The Official Liquidator, attached to the Hon'ble High Court of Telangana' and A,iinij FiiO".i,, ist ftoor, C.ip.tifu e6"wan, Bandlaguda, Nagole, Hvderabad - ...APPlicant Under Section 462 oI lhe Companies Act' 1956 read with Rule 298 and Rule 306 of the Companiei (Court) Rules, 1959) praying that this Hon'ble Court may be pleased to. i) take the half-yearly accounts of !!e-1u!i1ci company (in liquidation) for the period rrom oi 0+-2022 lo 3O'09'2O22' along with Auditor .T"qo't dated02-08.2024submittedoo13.08.2024byMls.MurthyandKanth.. Chartered Accountants on record ' ii) cost of tni. ,ppi'cation and any miscellaneous expenses may be permitted to ue iet out by the bfficiat Liquidator from the avarlable funds of tne comfiny (in liqn') or Estate and Establishment Fund account if no fund is available in the company's account' This application coming on for orders' upon reading the Judge's summons and the affidavit dated 30 10.2024 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 Srinadh Reddy' Counsel for the Official Liquidator for the Applicant' The Court made the following: ORDER

  2. Passage 2

    THE HON'BLE JUSTICE MOUSHUMI BHATTACHARYA coMPANY APPLICATION No.13a oF 2024 IN COMPANY PETITION NO. 178 0F 2003 Mr. J.Srinadh Reddv learncd Standing Counsel for the Official Liquidat,lr ORDER This comlrzLny Application is fired by the official Liquidator under Section 462 of The Companies Act, 1956 read with Rules 306 and 298 of The Companies (Court) Rutes, 1959 to take on record the Half-yearly Accounts along rvith the Auditors, Reports of M/s. Murthy & Kanth, Chartered Accountants of the company in liquidation. 2, Perused the Auditors, Reports with the assistance of learned counsel for the Olficial Liquidator. The prayer is accepte<i. The Half-Yearly Accounts and the Auditors, Reports are taken on fire. J This Company Application is orderecl accordingly //TRUE COPYII Sd/. M. VIJAYA BHASKER JOINT REGISTRAR /,\ !i !"Y,h S OFFICER i I I I i To,

  3. Passage 3

    The officiar Liquidator. M/s. Teamasia Lakhi Semiconductors Limited., office at 1st floor, Corporate Bhawan,-Bandt"grOr, GoielHyOeraOaa _50006g. The Registrar of comoanies, ruinistry" oi-corp*;il Affairs, Government of lndia 2nd floor Corporate Bhawan, r.f rgot., -Br;*irrgrO, Thattiannaram y;llffi.J;J3,3;3r,.. Mandar, R,;s;-h-.4;"ti,t,i.t, r"r",;;;; si;i; The Regional Director, South Eastern Region, Ministry of C6pp6rs1u Affairs, 30 ftoor Corporate !h3rgn, N"g"i". 'Br;otaguda, Thattiannaram Xll;S?r, [;Satnnasar Mandal, nrng, R;;dv D].ilict reransana {jtate, pin / l

  4. Passage 4

    J 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 IOPUC] 6. Two CD Copies DL/gh -l"t- j

  5. Passage 5

    I HIGH COURT DATED:,071O'll2O25 ORDER COMPANY APPLICATION No. 138 of 2O24 IN COMPANY PETITION NO: 178 of 2003 ) 1!.: P. ,.Jil + tr' + t () 'l 0 r:.:"i I'CHEo o i t * \:. ORDERING THE COMPANY APPLICATION 8"dA .9^.*