2002 (4) TMI 793

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....S.B. MISCELLANEOUS CASE NO. 7 OF 1972 - -<br>Corporate Laws<br>S.K. KESHOTE, J. &nbsp; ORDER 1. Heard the learned counsel for the applicant and perused the memo of the application. 2. This application is filed by the applicant, the official liquidator of Maharaja Kishangarh Mills Ltd. (in liquidation) under rule 9 of the Companies (Court) Rules, 1959 ('the Rules'). In this application,....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d company on 21-1-1943. Formal agreement was also entered into between old and new companies on 22-1-1943. 5. On the winding up petition filed by Standard General Assurance Company Ltd., the new company was ordered to be wound up vide order dated 11-4-1958. The old company preferred claim before the official liquidator which included the amount due under the head of dividend on accumulated pref....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tions. The special appeal and the cross-objections came to be dismissed by the Division Bench of this Court on 16-1-1964. The Official Liquidator in compliance of the order dated 4-7-1960 had given the possession of the movable and immovable pro-perties but in regard to certain properties dispute arose and, therefore, the old company preferred S.B. Miscellaneous Case No. 7 of 1972. In that case nu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f the preference shares for cancellation. The respondent vide letter dated 1-2-1998 refused to deliver the same to the official liquidator on the ground that as per order of this Court surrender of the share certificates was not necessary as they already stood cancelled. It is submitted that the shares which have been cancelled by the court have to be surrendered to the official liquidator so that....