https://www.taxtmi.com/caselaws?id=406710 Where a company in liquidation has no remaining assets and no creditor claims survive after due notice, final dissolution under Section 481 is justified. The Official Liquidator reported that no assets could be traced at the disclosed locations, one property had already been handed over to the secured claimant after document verification, citations had been published inviting claims, and no creditor came forward. On that basis, the Court found that nothing remained for further adjudication and that liquidation could not serve any further purpose. The company was therefore ordered to stand dissolved, with the Official Liquidator discharged and the liquidation proceedings brought to an end. en-us Mon, 05 Apr 2021 00:00:00 +0530 Wed, 21 Apr 2021 08:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406710 Where a company in liquidation has no remaining assets and no creditor claims survive after due notice, final dissolution under Section 481 is justified. The Official Liquidator reported that no assets could be traced at the disclosed locations, one property had already been handed over to the secured claimant after document verification, citations had been published inviting claims, and no creditor came forward. On that basis, the Court found that nothing remained for further adjudication and that liquidation could not serve any further purpose. The company was therefore ordered to stand dissolved, with the Official Liquidator discharged and the liquidation proceedings brought to an end. Case-Laws Companies Law Mon, 05 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406710