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TMI Blog2014 (3) TMI 1238X X X X Extracts X X X X X X X X Extracts X X X X ..... iquidator under Section 497(6) of the Companies Act, 1956 (for short, 'the Act of 1956'), seeking permission of the court for dissolution of the company M/s Shree Laxmi Ginning Factory (P) Limited. 2. It has been asserted that M/s Shree Laxmi Ginning Factory (P) Limited was incorporated on 15.07.1950 and it was put into Member's Voluntary winding-up under Section 484 of the Act of 195 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ex-Directors of the company, to the effect that company will be able to pay its debts in full. The Official Liquidator vide his letter dated 16.01.2014 requested M/s. S.C. Kabra & Company to furnish the complete records/files relating to the case. In response thereto, the Official Liquidator received a letter dated 19.02.2014 to the effect that Shri S.C. Kabra, who was looking after the liquidator ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 13 to the Income Tax officer, Bhilwara, stating therein the resolution passed for the Member's Voluntary winding-up of the company on 14.03.2002 and in that regard the report of the Official Liquidator is required to be submitted before the High Court and therefore, requested to intimate any income tax due against the company. Therefore, it can be safely presumed that statutory liability again ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n this company. 5. Under these facts and circumstances, learned counsel submits that as provided under Section 497(6) of the Act of 1956, on receiving the accounts and on scrutiny of books and papers of the company, he is satisfied that the affairs of the company have not been conducted in the manner prejudicial to the interest of its members or to public interest and from what is being made avai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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