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TMI Blog2012 (8) TMI 54X X X X Extracts X X X X X X X X Extracts X X X X ..... tion has been moved by the Official Liquidator attached to this Court under Section 481 of the Companies Act, 1956 (for short 'the Act") inter alia praying that the Company-M/s. Karigar Auto Agencies Pvt. Ltd. (in liqn.) may be dissolved and the Official Liquidator may be discharged from further proceedings. It has also been prayed that the Official Liquidator may be permitted to transfer the bala ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice of Official Liquidator. It is further stated that during the preparation of inventory, there was no record of the company (in liqn.) found in the aforesaid premises. 4. It is further stated that this Court vide its order dated 30.05.2012 disposed of the Criminal Complaint bearing Crl. (O) No. 28/2005 by imposing cost of Rs. 1 lacs each upon two ex-Directors and the cost stands deposited. 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ew Delhi and directed the Official Liquidator to sell the movable assets by circulating handbills as well as by publication of notice on its official website. The moveable assets since have been sold to the highest bidder namely Sh. Amit K. Singh for Rs. 1,40,000/-. 8. It is further stated that this Court vide order dated 30.05.2012 has confirmed the sale in favour of auction purchaser and furthe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g with the winding-up process, the Official Liquidator may be discharged and the company be dissolved under Section 481 of the Companies Act, 1956. 10. In the case of Meghal Homes (P) Limited vs. Shree Niwas Girni K.K. Samiti & Ors. (2007) 7 SCC 753, the Supreme Court, inter alia, in paragraph 31 thereof, held as under:- "...when the affairs of the Company had been completely wound up or the Cou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng payment towards the government fee, audit fee and liquidation expenses. The Official Liquidator is permitted to close the books of account of the company. A copy of this order shall be communicated to the Registrar of Companies within 30 days by the Official Liquidator. The present application and the Company Petition No. 330/2003 are disposed of and the Official Liquidator is discharged. The f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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