TMI Blog2023 (3) TMI 302X X X X Extracts X X X X X X X X Extracts X X X X ..... ion proceedings deserve to be brought to an end. Consequently, the Company (In Liqn.) is dissolved. - CO.PET. 13/1984 - - - Dated:- 16-11-2022 - HON'BLE MR. JUSTICE NAVIN CHAWLA For the Petitioner : None For the Respondent : Ms.Ruchi Sindhwani, Sr. Standing Counsel with Ms. Megha Bharara, Adv. for Official Liquidator NAVIN CHAWLA, J. (Oral) CO. APPL. NO. 667/2022 1. This application has been filed by the Official Liquidator (in short, OL ) under Section 481 of the Companies Act, 1956 (in short, the Act ), praying that M/s.Nagrath Paints Pvt. Ltd. [hereinafter referred to as the Company (In Liqn.) ] be dissolved and the OL be discharged as the Liquidator. 2. It is stated that the OL was appointed a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Declared Proclaimed Offender 2. Mr.Bikramjit Singh Not appeared Not filed Declared Proclaimed Offender 3. Mr.Gurcharan Singh Bindra Not appeared Not filed Declared Proclaimed Offender 4. Mr.Gurdeep Singh Bindra Not appeared Not filed Declared Proclaimed Offender 5. Mr.B.Nagrath Recorded on 27.05.2003 Not filed Deleted 6. Mr.Ranjit Nagrath Recorded on 27. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ganisation (in short, EPFO ), one claim from a secured creditor, one hundred-fifteen claims from the workmen, and two claims from unsecured creditors were received. 8. That the claims of the creditors were scrutinised and thereafter, disbursed by the OL, as explained in form of a table as under:- Category Name of claimant Amount claimed Amount admitted Amount disbursed EPFO Employee Provident Fund, Kanpur Rs.78,15,408.05/- Rs.10,78,490/ +Rs.33,37,341.15 Rs.10,78,490/- disbursed in compliance of order dated 15.03.2017. Rs.33,37,341.15. disbursed on 18.10.2019 in complia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d on prorata basis vide order dated 31.05.2022. Unsecured Trade Tax Rs.6,32,16,775/ Rs.6,22,12,827/- Rs.1,70,44,712/- disbursed on prorata basis vide order dated 22.01.2020 on pro-rata basis. Rs.26,28,166/- disbursed vide order dated 31.05.2022. 9. It has been stated in the said application that since the funds available in the account of the Company (In Liqn.) were insufficient, therefore, the unsecured creditors had been paid on pro-rata basis and after the deduction of the liquidation expenses of Rs.12,98,918.58(Rupees Twelve Lakhs Ninety Eight Thousand Nine Hundred Eighteen and Fifty Eight paise), the fund position of the Company (In Liq ..... X X X X Extracts X X X X X X X X Extracts X X X X
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