2019 (5) TMI 978

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....The Court : This application is a report filed by Official Liquidator. In it the office has recited what happened pursuant to order of winding up the company. Ultimately, an auditor was appointed who submitted opinion as extracted in paragraph 16 of the report. Extract in the report is reproduced below: "Based on the facts and circumstances as stated in the investigation report I am in th....

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....eport. The report filed does not satisfy or correspond to any of the provisions in said section. It does not talk about matters indicated in clause (a), (b) or (c) of sub-section (1). It is not a further report regarding manner in which the company was promoted or formed nor does it report particulars of fraud in relation to the company (in liquidation), since its formation. It is also not a fu....