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2020 (9) TMI 657 - HC - Companies LawWinding up proceedings - Section 481 and Section 555 of the Companies Act, 1956 - HELD THAT:- This Company Court is of the opinion that it is just and reasonable in the circumstances of this case to order dissolution of said company. To be noted, there is one limb of prayer for deposit of this meagre amount also in the appropriate account in Reserve Bank of India under Section 555 of said Act. Before this Court does that, it is to be noticed that one limb of the prayer in captioned application, namely limb (b) talks about C.A.No.390 of 2013, which has been filed against ex-directors inter alia under Section 454(5)(A) of said Act. This captioned application and captioned CP are disposed of.
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