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PRATHIBA M. SINGH
Re-Vikas Motors P. Ltd. – Appellant
Versus
. – Respondent
JUDGMENT
Prathiba M. Singh, J. (Oral)--This hearing has been done through hybrid mode.
2. The present application has been filed by the Official Liquidator under Section 481 of the Companies Act, 1956 (hereinafter `the Act') read with Rule 9 of the Companies (Court) Rules, 1959 (hereinafter `the Rules'), thereby praying that the Company (In Liquidation), i.e., Vikas Motors Pvt. Ltd., be finally dissolved and the Official Liquidator, Delhi, be discharged as its Official Liquidator.
3. It is stated in the application that Vikas Motors Pvt. Ltd., was ordered to be wound up by this Court vide its order dated 11th August, 2004 and the Official Liquidator attached to this Court was appointed as the Provisional Liquidator of the said Company. It is stated that Statement of Affairs had not been filed by the Ex-Directors.
4. In terms of the order dated 26th March, 2008, the plant, machinery and other items lying at the registered office of the Company (In Liqn.), situated at 34, Rama Road, New Delhi-110015 was sold for Rs.25,00,000/- to one Sh. Noor Mohd. and the sale amount was deposited by the auction purchaser with the Official Liquidator on 27th November, 2006. Subsequently, the landl
The court can order the dissolution of a company under Section 481 of the Companies Act, 1956, when the affairs of the company have been completely wound up or the Official Liquidator cannot proceed ....
The central legal point established in the judgment is the authority of the court to dissolve a company when its affairs have been completely wound up or when the Official Liquidator cannot proceed w....
The main legal point established in the judgment is the interpretation and application of Section 481 of the Companies Act, 1956, allowing for the dissolution of a company when the affairs have been ....
The central legal point established in the judgment is the application of Section 481 of the Companies Act, 1956 for the dissolution of a company in liquidation.
The court can order the dissolution of a company under Section 481 of the Companies Act, 1956 when the Official Liquidator cannot proceed with the winding up of the company due to lack of funds or as....
The central legal point established in the judgment is the authority of the Court to order the dissolution of a company when the Official Liquidator is unable to realize any assets to pay off the com....
The main legal point established in the judgment is that under Section 481 of the Companies Act, 1956, a company can be dissolved when the affairs of the company have been completely wound up or when....
The central legal point established in the judgment is the application of Section 481 of the Companies Act, 1956, for the dissolution of a company in liquidation.
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