https://www.taxtmi.com/caselaws?id=764892 Where a company in liquidation has no realizable assets or funds and continuation of winding-up proceedings is impracticable, dissolution under Section 481 of the Companies Act, 1956 is justified if the statutory process has been completed and no objections are received. The record showed notice to concerned authorities, filing of accounts, and absence of any objection, so the Gujarat High Court held it just and reasonable to bring the liquidation to an end by ordering dissolution and discharging the Official Liquidator. en-us Fri, 02 Aug 2024 00:00:00 +0530 Tue, 21 Jan 2025 09:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764892 Where a company in liquidation has no realizable assets or funds and continuation of winding-up proceedings is impracticable, dissolution under Section 481 of the Companies Act, 1956 is justified if the statutory process has been completed and no objections are received. The record showed notice to concerned authorities, filing of accounts, and absence of any objection, so the Gujarat High Court held it just and reasonable to bring the liquidation to an end by ordering dissolution and discharging the Official Liquidator. Case-Laws Companies Law Fri, 02 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764892