https://www.taxtmi.com/caselaws?id=753845 The Delhi HC allowed dissolution of a company under Section 481 of the Companies Act, 1956. The company in liquidation had no sufficient funds or assets available for realization, with only secured creditors receiving payment after liquidation expenses. The Official Liquidator sought dissolution as no further assets remained and continuing proceedings would serve no purpose. The court dissolved the company and discharged the Official Liquidator. en-us Tue, 23 Apr 2024 00:00:00 +0530 Wed, 12 Jun 2024 08:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753845 The Delhi HC allowed dissolution of a company under Section 481 of the Companies Act, 1956. The company in liquidation had no sufficient funds or assets available for realization, with only secured creditors receiving payment after liquidation expenses. The Official Liquidator sought dissolution as no further assets remained and continuing proceedings would serve no purpose. The court dissolved the company and discharged the Official Liquidator. Case-Laws Companies Law Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753845