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ANIRUDDHA P. MAYEE
OL of M/s M. Ravji Oil Industries Ltd (In Liqn) – Appellant
Versus
IFCI Ltd. – Respondent
ORDER :
Heard learned advocates for the parties.
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. M. Ravji Oil Industries Limited (In Liquidation), which was ordered to be wound up vide order dated 23.03.2000 passed in Company Petition No. 159 of 1998.
3. The report further indicates that, pursuant to the winding up order, the Official Liquidator deputed his officials at the office of Registrar of Companies, Gujarat, Ahmedabad to inspect the records of the said company maintained by the office of the Registrar of Companies, Gujarat to find out the assets and properties, liabilities, address of Registered Office, factory premises, secured creditors, debtors and names and addresses of ex-directors of the company.
4. That, while taking inspection of the records of the Registrar of Companies, Gujarat, the representative of the Official Liquidator compiled the details of the said company, as under :-
| Name of Company | M. Ravji Oil Industries Ltd. |
| CIN No. | L15142GJ1986PLC008598 |
| Date |
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 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 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 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 lack of funds and assets to proceed with the winding up proceedings justifies the dissolution of a company under Section 481 of the Companies Act, 1956.
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....
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