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BHARGAV D. KARIA
OL of The Abhiyog Holdings Private Limited (In Liqn) – Appellant
Versus
NA – Respondent
ORDER :
1. Heard learned advocate Ms. Bhoomi M. Thakore for the applicant.
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. Abhiyog Holdings Ltd(In Liquidation).
3. It is further stated on the report that vide order dated 21.02.2008 passed in COMP No.180 of 2007, the above-named company was ordered to be wound up and the Official Liquidator attached with this Court was appointed as the Liquidator of the above-named company with direction to take possession of all the assets of the company in liquidation. The Official Liquidator has been discharging its duties and function since then.
4. That pursuant to the order, the Official Liquidator deputed his Official 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, and names and addresses of the Ex-Directors of the
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 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 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 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 Official Liquidator cannot proceed with the winding up of the company due to lack of funds or as....
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 ....
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