TMI Blog2020 (2) TMI 1131X X X X Extracts X X X X X X X X Extracts X X X X ..... was held that When the affairs of the Company had been completely wound up or the court finds that the Official Liquidator cannot proceed with the winding up of the Company for want of funds or for any other reason, the court can make an order dissolving the Company from the date of that order. This puts an end to the winding up process. The liquidation proceedings deserve to be brought to an end - Application allowed. - CO.PET. 262/2012 - - - Dated:- 21-1-2020 - MS. JYOTI SINGH J. Petitioner Through: None Respondents Through: Ms. Ruchi Sindhwani, Sr. Standing Counsel with Ms. Megha Bharara, Advocate for the Official Liquidator JYOTI SINGH, J. (ORAL) Co. Appl. No. 10/2020 (U/S 481 of the Companies Act, 1956) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 84/2012 under section 468/477 of the Companies Act, 1956. 5. It is stated in the present application that the possession of the registered office at Plot No. 80 and 82, FIE, Patparganj Industrial Area Delhi 110092, was taken over by the Official Liquidator on 08.06.2012. However, in compliance of order dated 16.07.2012, possession of Plot No. 80 was handed over to landlord on 25.07.2012 and moveable assets/records were shifted to Plot No. 82 vide order dated 10.12.2012, movables lying at Plot No. 82, were sold to the landlord for ₹ 7.79 lacs and possession was handed over and records were shifted to the basement of Plot No. 82. Subsequently, in compliance of order dated 22.03.2013, possession of basement was handed over to the l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... veable or immoveable from which any money may be realized for the company (In Liquidation). 10. In the case of Meghal Homes (P) Ltd Vs Shree NiwasGirni K.K. Samiti and Ors., (2007) 7SCC 753 , the Supreme Court, inter alia in Paragraph 31 thereof, has held as under:- When the affairs of the Company had been completely wound up or the court finds that the Official Liquidator cannot proceed with the winding up of the Company for want of funds or for any other reason, the court can make an order dissolving the Company from the date of that order. This puts an end to the winding up process 11. It is submitted that the Official Liquidator is not seized of any other moveable/immoveable property of the company (in Liqn) and there a ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
