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2023 (3) TMI 302 - HC - Companies LawDissolution of the company - discharge of dues of OL, as the Liquidator - HELD THAT:- It has been stated that since the funds available in the account of the Company (In Liqn.) were insufficient, therefore, the unsecured creditors had been paid on pro-rata basis and after the deduction of the liquidation expenses of Rs.12,98,918.58/-, the fund position of the Company (In Liqn.) as on date is NIL. It is stated that the OL has no further assets, either moveable or immoveable, from which any money may be realized for the Company (In Liqn.) and, therefore, no useful purpose would be served by keeping this matter pending. The liquidation proceedings deserve to be brought to an end. Consequently, the Company (In Liqn.) is dissolved.
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