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PRATHIBA M. SINGH
Ganga Sagar & Co. P. Ltd. – Appellant
Versus
Ujval Singh Suri – Respondent
JUDGMENT
Prathiba M. Singh, J. (Oral)
1. This hearing has been done through hybrid mode.
CA No. 674/2023 in CO.PET. 323/2000
2. This is an application which has been filed on behalf of the Official Liquidator under Section 481 of the Companies Act, 1956, praying that the company in liquidation, i.e., Ganga Sagar & Company (P) Ltd be dissolved and the Official Liquidator be discharged as its Liquidator.
3. The Official Liquidator was appointed as the Liquidator of Ganga Sagar & Company (P) Ltd., [hereinafter `Company (In Liqn.)'] vide order dated 20th August, 2002. The citations were published in the newspapers namely The Statesman, which is published in English and Dainik Jagran which is published in Hindi on 14th September, 2003 and also in the Delhi Gazette on 24th October, 2003.
4. It is submitted that the concerned official from the office of the Official Liquidator (OL) visited the registered office of the Company (In Liqn.) at 6, Tilak Marg, New Delhi, on 4th August, 2003. However, the possession of the same was not taken over as it was informed by the Estate Manager at the said premises, that no company by the name of Ganga Sagar & Co. Pvt. Ltd existed at the said address.
5. The c
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 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 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 central legal point established in the judgment is the application of Section 481 of the Companies Act, 1956 for the dissolution of a company when it is just and reasonable in the circumstances o....
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 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 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 when the Official Liquidator cannot proc....
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