2015 (11) TMI 547

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.....PRASANTH KUMAR, STANDING COUNSEL SRI.SANTHEEP ANKARATH., ADV. SRI.K.P.SUDHEER AND SRI.N.NAGARESH, ASSISTANT SOLICITOR GENERAL. JUDGMENT The petitioner was before this Court contending that the petitioner-Company has been defunct for long, from 2010 onwards, and that under a Scheme formulated by the Central Government, the petitioner had applied for winding up of the Company after filing return....

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.... Scheme, since the petitioner-Company's assets are said to have been encumbered and charged to the 3rd respondent, which was recorded by the Registrar of Companies as provided under the Companies Act. The petitioner asserted that there is no such due to the 3rd respondent and it is only for the reason of the Company being defunct that the charge was not lifted, after clearing the dues to the 3....