https://www.taxtmi.com/caselaws?id=451208 Where a company in liquidation has no remaining realizable assets, its secured assets have been sold, and the liquidator and ex-directors confirm that nothing further is available, the winding-up may be treated as complete and dissolution ordered under section 481 of the Companies Act, 1956 read with Rule 282 of the Companies (Court) Rules, 1959. The Court also allowed consequential liquidation directions, including payment of liquidation expenses and professional fees from available funds, disposal of any residual amount in accordance with the liquidation framework, communication of the dissolution order to the Registrar of Companies, and weeding out of records in accordance with law. en-us Thu, 14 Mar 2024 00:00:00 +0530 Fri, 22 Mar 2024 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451208 Where a company in liquidation has no remaining realizable assets, its secured assets have been sold, and the liquidator and ex-directors confirm that nothing further is available, the winding-up may be treated as complete and dissolution ordered under section 481 of the Companies Act, 1956 read with Rule 282 of the Companies (Court) Rules, 1959. The Court also allowed consequential liquidation directions, including payment of liquidation expenses and professional fees from available funds, disposal of any residual amount in accordance with the liquidation framework, communication of the dissolution order to the Registrar of Companies, and weeding out of records in accordance with law. Case-Laws Companies Law Thu, 14 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451208