Dissolution of company ordered u/s 481. Liquidation proceedings terminated. Official Liquidator discharged. Company dissolved.

Dissolution of company sought u/s 481 of Companies Act, 1956. Court opined liquidation proceedings warranted termination, company should be dissolved as Official Liquidator unable to proceed further with winding up. Relying on Supreme Court's decision in Meghal Homes and Section 481(1), considering facts and circumstances, liquidation proceedings warranted end. Company M/s. ARC Cement Ltd. dissolved, Official Liquidator discharged. Application allowed. .....

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