JUDGMENT

Prathiba M. Singh, J. (Oral)

1. This hearing has been done through hybrid mode.

Co. Appl. 691/2023 (under Section 481 of the Companies Act, 1956)

2. This is an application filed by the Official Liquidator seeking dissolution of the Company. Ms. Sangeeta Chandra, ld. Counsel for the Official Liquidator submits that none of the immovable assets of the Company - SPA Luxury Lifestyle Ltd. and its sister concern, Horse Shoe Retail Holding (P) Ltd. were in the name of the Company and the only assets, which the Company owned, were some movable items, which were also sold for a nominal amount.

3. This application has been filed by the Official Liquidator (OL) under Section 481 of the Companies Act, 1956 read with Rule 9 of the Companies (Court) Rules, 1959, praying that Company (in Liqn.) i.e., the Respondent - SPA Luxury Lifestyle Ltd. be dissolved and the OL be discharged from the duties of a liquidator.

4. Vide order dated 4th October, 2018, the OL attached to this Court was appointed as the Provisional Liquidator of the Company, with directions to take charge of all assets, records and books of accounts belonging to the Company (in Liqn.). The citations were published on 4th July, 2