https://www.taxtmi.com/caselaws?id=109346 The court held that the respondent, M/s. Karnataka Electricity Board, must return the deposited amount of Rs. 10,800 to the Official Liquidator along with interest at 6% per annum from the date of the winding-up order. The respondent's claim that the amount was transferred to another party was rejected, and the court found the respondent liable to pay the deposited amount and interest. The court emphasized the Official Liquidator's control over the company's affairs post liquidation and ordered the respondent to fulfill the payment obligation without the need for further enquiry. en-us Fri, 30 Jan 2004 00:00:00 +0530 Mon, 09 Apr 2012 11:01:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109346 The court held that the respondent, M/s. Karnataka Electricity Board, must return the deposited amount of Rs. 10,800 to the Official Liquidator along with interest at 6% per annum from the date of the winding-up order. The respondent's claim that the amount was transferred to another party was rejected, and the court found the respondent liable to pay the deposited amount and interest. The court emphasized the Official Liquidator's control over the company's affairs post liquidation and ordered the respondent to fulfill the payment obligation without the need for further enquiry. Case-Laws Companies Law Fri, 30 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109346