2012 (8) TMI 54

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....R, J. (Oral)   1. This application has been moved by the Official Liquidator attached to this Court under Section 481 of the Companies Act, 1956 (for short 'the Act") inter alia praying that the Company-M/s. Karigar Auto Agencies Pvt. Ltd. (in liqn.) may be dissolved and the Official Liquidator may be discharged from further proceedings. It has also been prayed that the Official Liquidator....

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....ovable assets was also prepared by the office of Official Liquidator. It is further stated that during the preparation of inventory, there was no record of the company (in liqn.) found in the aforesaid premises. 4. It is further stated that this Court vide its order dated 30.05.2012 disposed of the Criminal Complaint bearing Crl. (O) No. 28/2005 by imposing cost of Rs. 1 lacs each upon two ex-D....

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....premises bearing no. B-1/74 Ashok Vihar Phase-II New Delhi and directed the Official Liquidator to sell the movable assets by circulating handbills as well as by publication of notice on its official website. The moveable assets since have been sold to the highest bidder namely Sh. Amit K. Singh for Rs. 1,40,000/-. 8. It is further stated that this Court vide order dated 30.05.2012 has confirme....

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....tion and no useful purpose will be served in continuing with the winding-up process, the Official Liquidator may be discharged and the company be dissolved under Section 481 of the Companies Act, 1956. 10. In the case of Meghal Homes (P) Limited vs. Shree Niwas Girni K.K. Samiti & Ors. (2007) 7 SCC 753, the Supreme Court, inter alia, in paragraph 31 thereof, held as under:- "...when the affa....