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2023 (2) TMI 786 - HC - Companies LawSeeking dissolution of company - section 481 of the Companies Act, 1956 - HELD THAT:- On perusal of the record of this report and in facts of this case and considering the ratio laid down by the Apex Court in the case of MEGHAL HOMES (P.) LTD. VERSUS SHREE NIWAS GIRNI KK. SAMITI [2007 (8) TMI 447 - SUPREME COURT], the report deserves to be accepted, where it was held that This court do appreciate this aspect of the matter, having taken the view that the arrangement has to go back to the meeting of members, creditors, etc. of the company in terms of section 391 of the Act and once it is adopted or adopted with modifications with the requisite majority at the meeting, the arrangement would require a fresh scrutiny by the Company Court thereafter, we cannot avoid interfering with the decision of the Division Bench on the ground put forward by learned Senior Counsel of benefit to the workers. The Company, named, M/s. Mansukhram Textile Mills Pvt. Ltd. (In Liquidation) is hereby dissolved under Section 481 of the Act and the Official Liquidator attached to this Court stands discharged and is relieved as liquidator of M/s. Mansukhram Textiles Mills Pvt. Ltd.(In Liquidation). Application allowed.
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