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TMI Blog2024 (6) TMI 964X X X X Extracts X X X X X X X X Extracts X X X X ..... r dissolving the Company from the date of that order. This puts an end to the winding up process '. In view of the aforementioned decision of the Supreme Court in Meghal Homes and keeping in mind the import of Section 481 (1) of the Act as also the facts and circumstances of the present case, these liquidation proceedings warrant to be brought to an end. Therefore, the present application is allowed. The company (in liquidation) M/s. Ravindra Dyechem Ltd., stands dissolved and the Official Liquidator is hereby discharged as its Liquidator. - HON'BLE MR. JUSTICE DHARMESH SHARMA For the Petitioner : Through For the Respondent : Mr. Rajat Malhotra, ASC with Ms. Dipita Pal, Ms. Namrata Sanyal, Ms. Jivika Jolly, Ms. Priya Mishra, Mr. A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e the Official Liquidator, as and when required. 5. As regards the registered office of the company (in liquidation) situated at 65/80, New Rohtak Road, New Delhi; it is stated that the Official Liquidator visited the said premises pursuant to order dated 03.08.2004. Possession of the same could not be taken by the Official Liquidator as the office was rented in the name of Mr. N.K. Saptarishi, Ex-Director and was being used for residential purposes. 6. As per the Statement of Affairs filed by Mr. Vijay Saptarishi, Ex-Director, it appears that the company (in liquidation) had one Secured Creditor, namely United Western Bank, besides a Preferential Creditor which was Central Sales Tax. Moreover, the company (in liquidation) also had five uns ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ffice of the Official Liquidator. Therefore, it is stated that the process of liquidation has been carried out in full and the affairs of the company (in liquidation) have been wound up. Thus, the present application has been filed under Section 481 of the Act for dissolution of the company (in liquidation), as no fruitful purpose would be served in keeping the present winding up proceedings pending. 9. In light of the prevailing facts and circumstance, it would be expedient to place reliance on the decision in Meghal Homes (P) Ltd. v. Shree Niwas Girni K.K. Samiti Ors. (2007) 7 SCC 753 whereby the Supreme Court inter alia held as under:- When the affairs of the Company have been completely wound up or the court finds that the Official Liqu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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