9911796707
TMI Blog2012 (9) TMI 211X X X X Extracts X X X X X X X X Extracts X X X X ..... er reason, the Court can make an order dissolving the Company from the date of that order. In view of aforesaid, the liquidation proceedings deserve to be brought to an end. The present application and the Company Petition No. 354/2005 are disposed off and the Official Liquidator is discharged. - CO. PETITION NO. 354 of 2005, CO. APPLICATION NO. 1339 OF 2012 - - - Dated:- 26-7-2012 - MS. INDERMEET KAUR, J. M.M. Kumar for the Petitioner. Ashish Makhija, Abhinav Bhatnagar, S.D. Khushawa and M.L. Kasturi for the Respondent. ORDER 1. This Application has been moved by the Official Liquidator attached to this Court under Section 481 of the Companies Act, 1956 (for short "the Act") inter alia praying that the ex-directors t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s explained in the application, the possession of the Regd. Office of the Company (In Liqn.) at L-2A, Malviya Nagar, New Delhi could not be taken. 5. It is further stated that in compliance of order dated 10.10.06, a team of the office of Official Liquidator also visited 59/5, New Rohtak Road, New Delhi on 9.12.06 for taking possession of the assets of the Company (In Liqn.) but were informed that there are no assets or books of accounts and office of M/s. Sood Tech. Pvt. Ltd. at 59/5, New Rohtak Road, New Delhi. 6. It is stated that Sh. Sudhir Sood, Managing Director of the company (in liqn), during the recording of the statement has informed that the records of the company (in liqn) was lying at the factory premises located at Noi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s Girni K.K. Samiti [2007] 78 SCL 482, the Supreme Court, inter alia, in paragraph 31 thereof, held as under :- "................ when the affairs of the Company had been completely wound up or the Court finds that the Official Liquidator can not proceed with the winding up of the Company for want of funds or for any other reason, the Court can make an order dissolving the Company from the date of that order. This puts an end to the winding-up process." 11. In view of the above decision of the Supreme Court and the facts and circumstances of this case, the liquidation proceedings deserve to be brought to an end. Consequently, M/s. Sood Tech Private Limited is dissolved. Liquidation expenses of Rs. 50,000/- shall be borne by the ex Di ..... X X X X Extracts X X X X X X X X Extracts X X X X
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