The Official Liquidator, v. Nil

ORDER This Company Application has been filed seeking for the following reliefs:- "(i) approve the proposal to engage a total of four numbers of young Professionals like Company Secretary, Chartered Accountant, Cost Accountant and Law Graduate as per the terms and conditions mentioned above.

(ii) constitute a Selection Committee consisting of the Page3 of 5 Regional Official Director, Ministry of Corporate Affairs, Chennai and the official liquidator, Chennai as members and Senior most Deputy Official Liquidator, Chennai/Senior most Assistant Liquidator, Chennai as convenor for recruiting Young Professionals.

(iii) approve the Draft Notice and Terms and conditions (Annexure-F and Annexure-G respectively) and to permit the Official Liquidator to publish the same in the Ministry's website, website of Institute of Chartered Accountants of India, Chennai Branch, Institute of Cost Accountants of India (ICMAI SIRC), Chennai, Institute of Company Secretaries of India, Chennai Chapter and also in the website of the Bar Council of High Court of Madras and on the notice board of the above establishments regarding the selection of the Young professionals.

(iv) permit the Official Liquidator to pay a remuneration of Rs.50,000/- per month plus Rs.1,000/- per month towards conveyance charges to the young professionals for a period of one year extendable to a maximum period of four years with an annual increment of Rs.5000/- from and out of the funds of Common Pool Fund Account being maintained by the Official Liquidator and also permit the official liquidator to pay the Travelling Allowance and other allowances as applicable Senior Technical Assistant of the Official Liquidator office in case of out station duty.

(v) permit the Official Liquidator to replace any vacancy created upon resignation/termination of young professionals so Page4 of 5 appointed on the same terms and conditions as mentioned in para

11.."

¶2I have perused the contents of the Report filed by the Official Liquidator upon which the application had been made before this Court and having been satisfied with the reasons stated therein and considering the fact that the payment made to the law clerks attached to this Court, which has been approved by the Government at Rs.50,000/-, I am inclined to allow this application as prayed for.

¶3In fine, this Application is ordered as prayed for. 24-07-2026 Index: Yes/No Speaking/Non-speaking order kak COMP.AoNo.o184oofo2026 K.KUMARESHoBABU,oJ. kak COMP.AoNo.o184oofo2026 24-07-2026 Page5oofo5

Page1 of 5 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 24-07-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU The Official Liquidator, High Court Madras As The Liquidator/provisional Liquidator Of Various Companies ..Petitioner(s) Vs Nil Nil ..Respondent(s) Judge's Summons filed under Section 460(4) of the Companies Act, 1956, read with Rules 9, 11(b) of the Companies (Court) Rules, 1959, praying to (i) approve the proposal to engage a total of four numbers of young Professionals like Company Secretary, Chartered Accountant, Cost Accountant and Law Graduate as per the terms and conditions mentioned above. (ii) constitute a Selection Committee consisting of the Regional Official Director, Ministry of Corporate Affairs, Chennai and the official liquidator, Chennai as members and Senior most Deputy Official Liquidator, Chennai/Senior most Assistant Liquidator, Chennai as convenor for recruiting Young Professionals. (iii) approve the Draft Notice and Terms and conditions (Annexure-F and Annexure-G respectively) and to permit the Official Liquidator to publish the same in the Ministry's website, website of Institute of Chartered Accountants of India, Chennai Branch, Institute of Cost Accountants of India (ICMAI SIRC), Chennai, Institute of Company Secretaries of India, Chennai Chapter and also in Page2 of 5 the website of the Bar Council of High Court of Madras and on the notice board of the above establishments regarding the selection of the Young professionals. (iv) permit the Official Liquidator to pay a remuneration of Rs.50,000/- per month plus Rs.1,000/- per month towards conveyance charges to the young professionals for a period of one year extendable to a maximum period of four years with an annual increment of Rs.5000/- from and out of the funds of Common Pool Fund Account being maintained by the Official Liquidator and also permit the official liquidator to pay the Travelling Allowance and other allowances as applicable Senior Technical Assistant of the Official Liquidator office in case of out station duty. (v) permit the Official Liquidator to replace any vacancy created upon resignation/termination of young professionals so appointed on the same terms and conditions as mentioned in para 11. For Petitioner(s): Ms.B.Ambili THE OFFICIAL LIQUIDATOR OF HIGH COURT, MADRAS