https://www.taxtmi.com/caselaws?id=347087 A company in liquidation may be dissolved under Section 481 of the Companies Act, 1956 where the winding-up is complete and no useful purpose would be served by continuing the proceedings. The Official Liquidator reported that no realizable assets remained, the available funds were negligible and in deficit, records had been shifted, and no claims required invitation or settlement. On that basis, the Delhi HC accepted dissolution under the statutory power and ordered the company dissolved, with the Official Liquidator discharged. en-us Mon, 28 Aug 2017 00:00:00 +0530 Tue, 29 Aug 2017 07:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347087 A company in liquidation may be dissolved under Section 481 of the Companies Act, 1956 where the winding-up is complete and no useful purpose would be served by continuing the proceedings. The Official Liquidator reported that no realizable assets remained, the available funds were negligible and in deficit, records had been shifted, and no claims required invitation or settlement. On that basis, the Delhi HC accepted dissolution under the statutory power and ordered the company dissolved, with the Official Liquidator discharged. Case-Laws Companies Law Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347087