https://www.taxtmi.com/caselaws?id=344608 The court approved the Official Liquidator's decision not to take over possession of company assets due to accessibility issues. Permission was granted to initiate criminal proceedings against the ex-director for non-filing of the Statement of Affairs, as their neglect hindered the liquidation process. The court acknowledged the delay caused by ex-directors' non-compliance, supporting the Official Liquidator's request to address the issue and expedite winding up proceedings. Ultimately, the court accepted the Official Liquidator's prayers, aiming to ensure compliance with legal requirements and progress in the liquidation process. en-us Thu, 15 Jun 2017 00:00:00 +0530 Thu, 22 Jun 2017 09:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344608 The court approved the Official Liquidator's decision not to take over possession of company assets due to accessibility issues. Permission was granted to initiate criminal proceedings against the ex-director for non-filing of the Statement of Affairs, as their neglect hindered the liquidation process. The court acknowledged the delay caused by ex-directors' non-compliance, supporting the Official Liquidator's request to address the issue and expedite winding up proceedings. Ultimately, the court accepted the Official Liquidator's prayers, aiming to ensure compliance with legal requirements and progress in the liquidation process. Case-Laws Companies Law Thu, 15 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344608