`THE HON’BLE MS JUSTICE G.ROHINI C.A. NO.1477 OF 2010 IN C.P.NO.25 OF 2008 ORDER: M/s. Sri D.S.M.Chit Funds (P) Ltd., (In Liqn) was wound up and the Official Liquidator attached to this Court has been appointed as Liquidator by order dated 15-10-2008 made in C.P.No.25 of 2008. This application has been filed by the Official Liquidator seeking to appoint a Chartered Accountant for verification of the Books of Accounts and other records of the company in liquidation to find out any act of misfeasance or breach of trust conducted by the erstwhile management of the company. Having heard Sri M.Anil Kumar, learned counsel representing Official Liquidator, and having regard to the plea taken in the affidavit filed in support of the application that the affairs of the Company had not been maintained properly particularly the assets and records of the company in accordance with the Companies Act, 1956 and there was diversion of funds of the company in liquidation to the third parties illegally, the application is allowed and K.B.S.Associates, Padmaja Chambers, Khairatabad, is hereby appointed as Chartered Accountants for verification of the Books of Accounts and other records of the company in liquidation to find out any act of misfeasance or breach of trust conducted by the erstwhile management of the company in liquidation. The Chartered Accountant fee is fixed as Rs.25,000/- which shall be paid from the funds of the company in liquidation. Application is accordingly allowed as prayed for. ____________ G.ROHINI,J rkk Dated: 3-12-2010