TMI Blog2021 (4) TMI 826X X X X Extracts X X X X X X X X Extracts X X X X ..... g citations in newspapers vide order dated 4th February, 2020 in Co Appl 33/2019. Citations were published but no claims were received. The Official Liquidator clarifies that there are no other assets of the company - In the circumstances, nothing survives for adjudication in these applications. The Company is left with no assets. No claims have been received from any creditors despite citations having been issued. Petition disposed off. - CO.PET. 562/2014 & CO.APPL. 284/2021 - - - Dated:- 5-4-2021 - HON'BLE MR. JUSTICE C. HARI SHANKAR Petitioner Through: None Respondent Through: Mr. Deepak Anand, Adv. with Mr. Aayushmaan Vatsyayana, Adv. for Official Liquidator 1. This is an application by the Official Liquidat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... petition at C-71, Sector 44, Noida District, Gautam Budh, was visited by the team of the Official Liquidator on 13th December, 2016. The site was found to be vacant. The neighbour informed the team of the Official Liquidator that the property belonged to one Mr. Upadhayay. Accordingly, the said property was taken over by the Official Liquidator by pasting a notice thereon under Section 456 of the Companies Act, 1956. Security guards were also deployed to guard the property. 6. Subsequently, statutory Notices under Rule 130 of the Companies Court Rules, 1959 and under Section 544 and 546 of the Companies Act, 1956 were issued to the former Directors of the Company on 23rd September, 2016, the Registrar of Companies and the Income Tax Aut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Phoenix ARC) entered appearance and stated that the petitioner had executed an assignment deed in its favour. This Court directed the Official Liquidator to verify the property documents and, on being satisfied in that regard, handover possession of the property to M/s Phoenix ARC. Subsequently, on 5th September, 2019, the aforesaid property was handed to the authorised representative of the M/s Phoenix ARC. The outstanding charges of the security agency deputed to oversee the property M/s Manasvi Security Services were also liquidated. 14. This Court also permitted the Official Liquidator to invite claims from creditors of the Company by publishing citations in newspapers vide order dated 4th February, 2020 in Co Appl 33/2019. Citation ..... X X X X Extracts X X X X X X X X Extracts X X X X
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