https://www.taxtmi.com/caselaws?id=434272 Gujarat HC held that a company in liquidation may be dissolved under Section 481 of the Companies Act, 1956 where no realizable assets or funds remain and further winding up cannot proceed. The Court relied on the absence of possession of the registered office and factory premises, prior sale of secured assets in recovery proceedings, no workers' claims after public notice, and no cash, bank balance, or fixed deposits. It found dissolution just and reasonable in the circumstances and discharged the Official Liquidator. en-us Mon, 07 Nov 2022 00:00:00 +0530 Mon, 20 Feb 2023 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434272 Gujarat HC held that a company in liquidation may be dissolved under Section 481 of the Companies Act, 1956 where no realizable assets or funds remain and further winding up cannot proceed. The Court relied on the absence of possession of the registered office and factory premises, prior sale of secured assets in recovery proceedings, no workers' claims after public notice, and no cash, bank balance, or fixed deposits. It found dissolution just and reasonable in the circumstances and discharged the Official Liquidator. Case-Laws Companies Law Mon, 07 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434272