TaxTMI 
TaxTMI 
2014 (7) TMI 18
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....ea, Jodhpur; and has been engaged in the business of manufacturing and processing of textile fabrics. The paid up capital of the Company is Rs.7,70,500/-. It is further submitted that initially, there were five Directors of the Company namely S/Shri (1) Manoharlal Khatri, (2) Mahesh Khatri, (3) Kishore Kumar Khatri, (4) Chetan Dass Khatri, (5) Vasudev Khatri; holding 10 equity shares each. Later, one of the Directors Shri Vasudev Khatri expired, while two other Directors namely Shri Mahesh Khatri and Shri Chetan Dass Khatri resigned, leaving only two Directors in the Company viz., Shri Manoharlal Khatri and Shri Kishore Kumar Khatri. 3. The Company passed a Special Resolution for voluntary dissolution subject to the supervision of Court in....
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....nd, factory building, plant and machinery at Plot No. 4 of Road No.11, Basni II phase, MIA Jodhpur have been distributed to Shri Kishore Kumar Khatri and realization of same is shown in his return. 6. The Official Liquidator has also submitted that according the information received from ROC through letter dated 07.05.2010, there is no case pending against the Company or its directors in the Court. 7. The Official Liquidator has further confirmed that as per the information received from Axis Bank Jodhpur under the letter dated 11.02.2011, the Bank Account of the petitioner Company has been closed and, therefore, the Company will not be making any income tax claim from the Income Tax Department. 8. However, a few facts and factors, as re....
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....ahesh Khatri has no locus standi to object the liquidation proceedings at this stage as he has already transferred his shares and resigned from the Directorship of the company long back. A copy of the above said letter alongwith its enclosures are submitted herewith and is marked as Annexure-'E' collectively. (11) That the reply of the aforesaid complaint as received from the Vol. Liquidator has been sent through speed post to the complainant at Jodhpur vide letter dated 22.12.2011 with the request to furnish further comments if any within 10 days to the O/O Official Liquidator, Jaipur. But till date no comments have been received by the Official Liquidator from the complainant. A copy of the above letter d....