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2017 (12) TMI 242 - GUJARAT HIGH COURTWinding up petition - Held that:- Having gone through the contents of the report with the certificate of the Chartered Accountant stating that as on 06.10.2017, there is Nil balance in cash, in Bank and in FDR in the name of the company and having considered that the Registrar of the company has given No Objection Certificate for finally winding up of the company, finds that the company having no assets / properties and left with no fund, there is no need for the Official Liquidator to further proceed with winding up of the company. In view of the above, the company (in liquidation) is required to be dissolved under Section 481 of the Act and the Official Liquidator is required to be discharged and relieved as Liquidator of the company.
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