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2019 (7) TMI 836 - HC - Companies LawDissolution of company in liquidation - Winding up order - issuance of Form 69 - HELD THAT:- Form 69 (notice of rejection of proof of debt) was issued to said Om Prakash Rawal by the office of OL. Amount deposited by secured creditor standard chartered bank towards dues of ex-workmen - HELD THAT:- Since no claim was received, therefore, the OL had sent the letter dated 12/9/2018 followed by the reminder dated 9/1/19 to the standard chartered bank to provide the bank account details such as name of beneficiary, name of account, full account number and IFS code of bank branch to remit the said amount. But since the details have not been provided by the Standard Chartered bank therefore, the amount is lying with the OL - In view of the provisions contained in Section 555 of the Companies Act the OL is permitted to deposit this amount into Public Account of India in RBI in separate account to be known as Company’s Liquidation Account. It would be just and reasonable to dissolve the company under section 481 of the Companies Act - petition disposed off.
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