2012 (9) TMI 211

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.... for the Respondent. ORDER 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 ex-directors to deposit a sum of Rs. 50,000/- as liquidation expenses and the Official Liquidator may be permitted to transfer the said amount to common pool. It is also been prayed that ....

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.... the Liquidator. 3. It is also stated that this Court on 16.2.12 has directed the Official Liquidator to file an application U/s 481 of the Companies Act, 1956 for dissolution of the Company with a further direction to the Official Liquidator to clearly indicate the cost of the liquidation proceedings. 4. It is stated that a team of the Official Liquidator visited at L-2A, Malviya Nagar, New....

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....f the company (in liqn) was lying at the factory premises located at Noida and at the Registered office. He further informed that UPFC had taken the factory premises and sold the same under SARFASI Act. 7. It is also stated that the Statement of Affairs initially filed by Sh. R.K. Sood which was scrutinized by the office of Official liquidator revealed that the company (in Liqn.) has no assets ....

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.... claims of the company (In Liqn.) have been settled and no other assets were available for further realization 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) Ltd. v. Shree Niwas Girni K.K. Samiti [2007] 78 SCL 4....