Company liquidation proceedings warrant termination due to ...

Company dissolved after liquidation due to lack of funds/inability to continue. Remaining balance transferred to Common Pool Fund.

July 27, 2024

Case Laws Companies Law HC

Company liquidation proceedings warrant termination due to complete winding up, lack of funds, or other reasons preventing continuation. Court dissolved company, discharged Official Liquidator, permitted transfer of available balance to Common Pool Fund, and directed closure of company's books of accounts in accordance with Supreme Court precedent and Section 481(1) of Companies Act.

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Company liquidation proceedings warrant termination due to ...

Company dissolved after liquidation due to lack of funds/inability to continue. Remaining balance transferred to Common Pool Fund.

July 27, 2024

Case Laws Companies Law HC

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