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2012 (8) TMI 54 - HC - Companies LawApplication for dissolution of company by the Official Liquidator - Held that:- When the affairs of the Company had been completely wound up or the Court finds that the Official Liquidator cannot proceed with the winding up of the Company for want of funds or for any other reason, the Court can make an order dissolving the Company from the date of that order. This puts an end to the winding-up process - considering the facts and circumstances of this case, the liquidation proceedings deserve to be brought to an end - permitting the Official Liquidator to make payments to valuer out of the funds of the Company and to transfer the balance fund available in the Company’s account to the Reserve Bank of India after creating provision or making payment towards the government fee, audit fee and liquidation expenses.
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