https://www.taxtmi.com/caselaws?id=398538 The Court ordered the dissolution of the company under liquidation due to minimal funds available, amounting to Rs. 26,259 only. It approved the transfer of remaining funds to the undistributed assets account as requested by the Official Liquidator. The Court confirmed the disposal of a previous application against ex-directors and permitted the finalization of accounts without an audit, given no further transactions were expected. Ultimately, considering the meager balance and lack of pending claims, the Court granted the requested actions in accordance with the Companies Act, 1956, without imposing costs. en-us Fri, 04 Sep 2020 00:00:00 +0530 Fri, 18 Sep 2020 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398538 The Court ordered the dissolution of the company under liquidation due to minimal funds available, amounting to Rs. 26,259 only. It approved the transfer of remaining funds to the undistributed assets account as requested by the Official Liquidator. The Court confirmed the disposal of a previous application against ex-directors and permitted the finalization of accounts without an audit, given no further transactions were expected. Ultimately, considering the meager balance and lack of pending claims, the Court granted the requested actions in accordance with the Companies Act, 1956, without imposing costs. Case-Laws Companies Law Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398538