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Companies Law - Highlights / Catch Notes

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Company liquidation proceedings warrant closure due to lack of ...


Company liquidation closed due to lack of assets. Liquidator exempted from publication, allowed to close books after expenses.

July 25, 2024

Case Laws     Companies Law     HC

Company liquidation proceedings warrant closure due to lack of recoverable assets. Official Liquidator exempted from publication requirements, permitted to close books after adjusting expenses, discharged upon company's dissolution. Failure to file Statement of Affairs addressed under relevant provisions. Petition disposed of.

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