Dissolution of company permitted where voluntary winding up is complete, no dues or objections exist; petition allowed.

Application for dissolution under the Companies Act was allowed where the company had undergone voluntary winding up, the voluntary liquidator filed accounts and an affidavit stating no dues remained, directors furnished indemnity bonds, the Registrar reported all documents filed and raised no objection, and no further claims were received; the court applied the principle that once winding up is complete the court may order dissolution and accordingly directed dissolution of the company.

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Issues: Whether the petition under Section 497(6) of the Companies Act filed by the Official Liquidator seeking dissolution of M/s Manjul Holdings Pvt. Ltd. should be allowed.

Analysis: The company was voluntarily wound up and the voluntary liquidator filed accounts and an affidavit stating that no dues to any person, including the Government, remain; indemnity bonds of directors were filed; the Registrar of Companies reported that all documents were filed and raised no objection to dissolution. No further claims have been received and the Official Liquidator sought dissolution. The Court referred to the principle in Meghal Homes (supra) that where a company's affairs have been completely wound up, the Court may order dissolution to end the winding up process.

Conclusion: The petition under Section 497(6) of the Companies Act is allowed and M/s Manjul Holdings Pvt. Ltd. is dissolved; decision is in favour of the petitioner.

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