1991 (9) TMI 301

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..... rora, L.M. Suri and Arun Kumar for the Respondent. JUDGMENT M.S. Liberhan, J. The company was ordered to be wound up in November 29, 1979. Admittedly, the business was suspended in the year 1976. The company suffered a loss to the tune of Rs. 39,056.69. The official liquidator has preferred an application under section 542 read with section 543, inter alia , praying that a dec .....

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..... the affairs of the company and not producing the record before the official liquidator, it was found that they were neither in a position to do so nor they were actively running the affairs of the company. Even in this petition, there are no allegations against respondents Nos. 3 and 4 for running the company. It is further stated that the company is not to pay anything to anybody. The official .....

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