https://www.taxtmi.com/caselaws?id=103028 The court granted the application for dissolution under section 481 of the Companies Act, 1956, leading to the dissolution of U.P. Presstressed Company Ltd. due to the company's inability to proceed with winding-up proceedings. The court considered the significant debts owed to creditors, lack of available records, unsuccessful attempts to contact relevant parties, and the official liquidator's financial constraints in continuing the winding up process. Consequently, the court agreed with the official liquidator's request for dissolution, leading to the company's dissolution from the date of the order. Company Application No. 24 of 1992 and Company Petition No. 15 of 1987 were disposed of accordingly. en-us Mon, 18 Dec 1995 00:00:00 +0530 Mon, 20 Feb 2012 13:19:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103028 The court granted the application for dissolution under section 481 of the Companies Act, 1956, leading to the dissolution of U.P. Presstressed Company Ltd. due to the company's inability to proceed with winding-up proceedings. The court considered the significant debts owed to creditors, lack of available records, unsuccessful attempts to contact relevant parties, and the official liquidator's financial constraints in continuing the winding up process. Consequently, the court agreed with the official liquidator's request for dissolution, leading to the company's dissolution from the date of the order. Company Application No. 24 of 1992 and Company Petition No. 15 of 1987 were disposed of accordingly. Case-Laws Companies Law Mon, 18 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103028