2023 (2) TMI 786

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....the Respondent(s) No. 1 ORAL ORDER 1)Heard learned advocate Mr.Shivang Thacker for the applicant. 2)By this report under section 481 of the Companies Act, 1956, the official Liquidator has prayed for dissolution of the company, named, M/s. Mansukhram Textiles Pvt. Ltd. (In Liquidation), which was ordered to be wound up vide order dated 26.06.1985 passed in Company Petition No.111 of 1983.....

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....lable in the office of Official Liquidator to carry out further Liquidation process in "Gujarat Samachar" Gujarati daily and "Times of India" English daily on 01.10.2021 for inviting objections from Secured Creditors, Workmen, all Stakeholders and public at large for Proposed Dissolution in terms of order dated 18.08.2021 passed in OLR No. 128 of 2021. 6)However, in response to the said adverti....

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....ed dissolution of the Company in Liquidation. 8)It has been further stated in the report that as per the balance certificate issued by the Chartered Accountants P. C. Rathod & Co. 29- 03.2022, funds available in the Company's Bank Account are as under : Cash : Nil Bank : Rs. 32,181/- FDR : Nil 9)It is further stated in the report that it is not possible to proceed with the winding u....

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....ficate dated 29-03- 2022, has contended that only Rs. 32,181/- is available in the Bank Account of the Company. Moreover, no assets of the Company in liquidation are available. In light of the aforesaid facts, it was submitted that the report may be accepted and appropriate order of dissolution of the Company in liquidation may be passed as prayed for. 12) Having heard the learned advocate for ....