TMI Blog2018 (2) TMI 335X X X X Extracts X X X X X X X X Extracts X X X X ..... idator shall stand discharged and relieved as liquidator of the company in liquidation. The ex-directors of the company are directed to give undertaking to the Official Liquidator that if any, liability in future arises in connection with the company in liquidation, they shall be responsible. The Official Liquidator shall call for such undertaking of the ex-directors within a period of 15 days from today - Official Liqudator Report No. 15 of 2018 - - - Dated:- 2-2-2018 - MR. C. L. SONI, J. For The Applicant : MR PATHIK M ACHARYA, ADVOCATE, OFFICIAL LIQUIDATOR ORAL ORDER 1. The present report is filed seeking dissolution of the company in liquidation under section 481 of the Companies Act, 1956 ( the Act ) and to permit the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n as full and final settlement against their claim in terms of order dated 25.10.2004 passed by Hon ble High Court of Gujarat in Company Application No.218 of 2004. A copy of order dated 25.10.2004 passed in Company Application No.218 of 2004 is annexed hereto and marked as Annexure B . 8) That, the Official Liquidator most respectfully further submits that the Ex. Director of the company in liquidation has filed Statement of Affairs under Section 454(5) of the Companies Act, 1957 to the office of the Official Liquidator. As per Statement of Affairs, List : B, ASSETS SPECIFICALLY PLEDGED AND CREDITORS FULLY OR PARTLY SECURED shown only Plant Machinery . Further, all other assets are mentioned as Nil in the Statement of Affairs. I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red Accountant has also verified the record of the Registrar of Companies record in this regard. 16) That, Official Liquidator most humbly submits that during the process, prior intimation letters for dissolution of the subject company were sent to the Registrar of Companies, Gujarat, Income-Tax Department, Secured Creditors, Petitioner Creditor and Ex-directors of the subject company regarding proposed dissolution vide letter dated 27.09.2017. However, no objection is received by the Official Liquidator. Further, Registrar of Companies, Gujarat has issued No Objection Certificate in response to the Official Liquidator s letter dated 27.09.2017. A copy of letter received from Registrar of Companies, Gujarat is annexed hereto and marked ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iquidation) is ordered to be dissolved under section 481 of the Act. The Official Liquidator shall stand discharged and relieved as liquidator of the company in liquidation. The ex-directors of the company are directed to give undertaking to the Official Liquidator that if any, liability in future arises in connection with the company in liquidation, they shall be responsible. The Official Liquidator shall call for such undertaking of the ex-directors within a period of 15 days from today. Now since the company is ordered to be dissolved, the Official Liquidator is permitted to pay professional fee bill of ₹ 1,500/- to the Charted Accountant, M/s.Shah Dinesh Dahyalal Associates and also permitted to transfer rest of the fund of S ..... X X X X Extracts X X X X X X X X Extracts X X X X
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