2010 (9) TMI 1309

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....STOGI, J. For the Official Liquidator : R.C. Mishra For the Respondent : None ORDER Ajay Rastogi, J. 1. Company Application 14/1998 has been filed under section 543 of the Companies Act for initiating misfeasance proceedings and on account of not filing statement of affairs of the company-in-liquidation. At the same time, another company application 81/1996 has been filed under sect....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... for last more than 12 years and the winding up proceedings are pending for last more than 20 years as it initially commenced on 22-3-1990 but despite the best efforts made from the office of the Official Liquidator service upon respondents could not have been effected on the addresses of such directors which are available with the Registrar of Companies, even after the assistance being taken from....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....for revival of the proceedings as and when whereabouts of the respondents come to his notice, however company-in-liquidation is not being finally dissolved under section 481 of the Companies Act. 3. Taking note of the material which has come on record duly supported with the affidavit, this Court finds substance in what has been averred by the Official Liquidator in the application. 4. Accor....