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TMI Blog2020 (9) TMI 657X X X X Extracts X X X X X X X X Extracts X X X X ..... hich has been filed against ex-directors inter alia under Section 454(5)(A) of said Act. This captioned application and captioned CP are disposed of. - Company Application No.554 of 2018 in C.P.No.126 of 2011 & C.P.No.126 of 2011 - - - Dated:- 4-9-2020 - THE HONOURABLE Mr.JUSTICE M.SUNDAR For Petitioner : Mr.Bavisetty Sridhar Deputy Official Liquidator ORDER This common order will dispose of captioned application and captioned 'Company Petition' (hereinafter 'CP' for the sake of brevity). 2. Captioned application has been taken out by 'Official Liquidator attached to this Court' ('OL' for the sake of brevity) and today Mr.Bavisetty Sridhar, learned 'Deputy Official Liquidator' ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r alia under Section 481 and Section 555 of 'The Companies Act, 1956' (hereinafter 'said Act' for brevity and convenience). 5. Learned Deputy OL submits that a 'report of the OL dated 05.09.2018' (hereinafter 'said report' for brevity) has been filed in support of captioned application. Adverting to said report, learned Deputy OL submits that 'Hex Cargo Mover Private Limited' (hereinafter 'said company' for the sake of brevity and convenience) is the Company under liquidation in main CP. It is also submitted that this Company Court, in and by order dated 18.07.2012 made in captioned CP, appointed OL as Provisional Liquidator qua said Company. Thereafter, what unfurled has been articulated i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n date no such application is pending for disposal before the Hon'ble High Court, Madras. 6. It is submitted that as on the date of filing of the present application only an amount of ₹ 26,259/- (Rupees Twenty Six Thousand Two Hundred and Fifty Nine only) in the account of the company in liquidation is available with the Official Liquidator and no realization claim is pending for recovery as on date. Therefore the said fund is to be transferred to the undistributed assets of the companies liquidation account as envisaged under section 555 of the Companies Act, 1956.' 6. The extracted portion of said report i.e., paragraphs 3 to 6 are self-explanatory and they speak for themselves. Learned Deputy OL submits that no c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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