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BHARGAV D. KARIA
Official Liquidator Of M/s. Sarigam Steels Ltd. (In Liquidation) – Appellant
Versus
NA – Respondent
ORDER :
1. Heard learned advocate Mr. Shivang A. Thacker 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. Sarigam Steels Ltd. (in liquidation), which was ordered to be wound up vide order dated 09.01.2001 passed in Company Petition No.183 of 2000.
3. The report filed on behalf of Official Liquidator indicates that consequent upon the winding up order being passed by this Court, 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 Directors, as on the date of winding-up order. During such inspection, it was revealed that date of incorporation of the company under liquidation was 11.06.1984 and its registered office was situated at 6A Kumkum Society, Nr.Stadium Char Rasta, Ahmedabad-380014. The Factory situated at Plot No.1247, 1248 GIDC Sarigam Industrial Area, consisting
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 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 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 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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