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TMI Blog2022 (6) TMI 503X X X X Extracts X X X X X X X X Extracts X X X X ..... pplication No. 170 of 2022 in Company Petition No. 41 of 2012 and Company Petition No. 41 of 2012 - - - Dated:- 29-4-2022 - THE HON'BLE MR. JUSTICE M. SUNDAR For the Appellant : Bavisetty Sridhar , Deputy Official Liquidator ORDER This common order will dispose of captioned 'company application' i.e., Company Application No. 170 of 2022 [hereinafter 'dissolution app ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erting to an order which was made way back on 22.01.2013 by this Company Court learned Dy.OL submits that the same was carried in appeal by way of an intra Court appeal (O.S.A. No. 187 of 2014) and ultimately a Hon'ble Division Bench of this Court directed the OL to take possession of 'Galaxy Amaze Kingdom Limited' [hereinafter 'said company' for the sake of convenience and cla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ioned main CP is vintage nay ancient as two decades is a long period in litigation. In any event, as already alluded to supra main CP has outlived its utility and therefore allowing the main CP to linger on the file of this Company Court will only be a 'penny wise pound foolish' exercise. 6. This brings this Company Court back to the multi-limbed prayer in dissolution application. In th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rmissible expenditure and after making permissible standard deductions (if any). To be noted, 'permissible' qua said Act and Rules thereunder. 8. As regards limb (f), this Court is informed that the Central Government has made Rules for destruction of physical records in the Office of the OL. Let the destruction of physical records in the office of the OL proceed in accordance with said ..... X X X X Extracts X X X X X X X X Extracts X X X X
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