Dissolution of the company: court may order dissolution and direct application or payment of liquidation balance. The Court may, after hearing the Official Liquidator and any other person given notice and upon perusing the audited account, make orders as to the company's dissolution, the application or payment of the balance in the hands of the Official Liquidator into the Companies Liquidation Account in the public account, and the disposal of the company's and Liquidator's books and papers, subject to the provisions of the Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Dissolution of the company: court may order dissolution and direct application or payment of liquidation balance.
The Court may, after hearing the Official Liquidator and any other person given notice and upon perusing the audited account, make orders as to the company's dissolution, the application or payment of the balance in the hands of the Official Liquidator into the Companies Liquidation Account in the public account, and the disposal of the company's and Liquidator's books and papers, subject to the provisions of the Act.
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