2010 (5) TMI 401

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.... Liquidator attached to this Court was appointed as provisional liquidator with effect from the date of winding-up order. As per provisions of section 444 of the Companies Act and rule 109 of the Companies (Court) Rules, 1959 a copy of the winding up order was served upon Official Liquidator on 23-9-1987 and he took necessary steps for taking over the possession of the assets and records of the company-in-liquidation and issued necessary statutory notices to the concerned Government departments as well as ex-directors of the company-in-liquidation. It reveals from the record that assets of the company-in-liquidation were under the custody of Punjab National Bank and after notices were issued regarding statement of affairs, proceedings were ....

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....in the premises of the company-in-liquidation and accordingly FIR bearing No. 192/90 was registered on 20-9-1990 for the offence under section 457/380 IPC. The SHO, Malviya Nagar, Jaipur finally submitted its report on 6-12-1990. The Official Liquidator bearing No. 3/91 sought permission to allow him to dispose of the goods by way of scrap in case no interested party approach within a period of one month. The said application was allowed by this Court on 25-1-1991. The third application No. 11/91 was filed before this Court seeking permission to allow the Official Liquidator to dispose of the goods by adopting open public auction and that permission was granted to the Official Liquidator vide order dated 4-4-1991. All these articles were so....