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TMI Blog2010 (5) TMI 401X X X X Extracts X X X X X X X X Extracts X X X X ..... 5 - - - Dated:- 20-5-2010 - AJAY RASTOGI, J. G.K. Garg and Anurup Singhi for the Applicant. ORDER 1. Matter has come up on application filed by Official Liquidator under section 481 of the Companies Act seeking permission for dissolution of company-in-liquidation. 2. M/s. Auto Electricals (India) Private Limited was ordered to be wound-up by this Court vide order dated 18-9-1987 passed in company Petition No. 11/1985 and the Official Liquidator attached to this Court was appointed as provisional liquidator with effect from the date of winding-up order. As per provisions of section 444 of the Companies Act and rule 109 of the Companies (Court) Rules, 1959 a copy of the winding up order was served upon Official Li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on and this Court after hearing the counsel for Official Liquidator passed the order on 7-12-1989. According to the order, the tender notice for publication was made in the daily newspaper and publication charges were also paid by the Official Liquidator, certain parties appeared for inspection of the assets but no response came forward, however Shri Suresh Jain of M/s. Jain Electricals Industries, Jaipur visited the office and informed that the theft has taken place in the premises of the company-in-liquidation and accordingly FIR bearing No. 192/90 was registered on 20-9-1990 for the offence under section 457/380 IPC. The SHO, Malviya Nagar, Jaipur finally submitted its report on 6-12-1990. The Official Liquidator bearing No. 3/91 sought ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Official Liquidator, in which balance of Rs. 18,313.25 has been shown to be with him, which has been deposited in PD account with the Punjab National Bank and in such circumstances, Official Liquidator is not in a position to invite claims pursuant to rule 148 of the Company (Court) Rules, 1959 and in these circumstances, request has been made to dispense with the requirement of rule 148 read with rules 167 and 180 to 196 of the Companies (Court) Rules and under these facts and circumstances application has been filed for dissolution of the company. 3. After going through the material on record and what has been referred ( supra ), this court considers it appropriate that no purpose is going to be served to continue with the pro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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