{"id":85283,"date":"2009-06-03T00:00:00","date_gmt":"2009-06-02T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/the-official-liquidator-of-vs-nil-on-3-june-2009"},"modified":"2016-09-12T13:36:34","modified_gmt":"2016-09-12T08:06:34","slug":"the-official-liquidator-of-vs-nil-on-3-june-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/the-official-liquidator-of-vs-nil-on-3-june-2009","title":{"rendered":"The Official Liquidator Of vs Nil on 3 June, 2009"},"content":{"rendered":"
Karnataka High Court<\/div>\n
The Official Liquidator Of vs Nil on 3 June, 2009<\/div>\n
Author: B.V.Nagarathna<\/div>\n
- 1 -\nIN THE HIGH COURT OF KARNATAKA AT BANGALQRE\n\nDATED TEES THE 03313 SAY OF JUNE, 2009\n\nEEFORE\n\nTHE H{)N'BLE MRS. JUSHCE B.V.NAGARA'PHN'Au\u00bb:._ _ '  \" \n\nC.A.I'-30.3 1512003\n\nCOP.NO.41[2C{Q\u00a7   \n\nBEZTWEEN:\n\nThe O\ufb01icial Liquidator of\n\nM] s.Vijaya Food Pr0d13.cts(P)   . \nLt{i., {in liquida\ufb01on), Attached to\" \"  j \"\nHigh Court of Karnataka  _   v ' V\n'Kemixiya Sad-an'  A V\nKoramangala    _  V\nBangaiore-34 * f\n\nV _ I  Applicant\n(By Sri :\\ I;   \nAND ii' a .  _ , . V. ..\n_\u00bb ' ~;Nr\u00a7; 1  A. ' ' ...... ..\nA. '  Respondent;<\/pre>\n
‘ A   \ufb01led under Rules 481 of the Companies Act,<\/p>\n
‘   ‘ra=:aViii\u00ab:_’wvith Rule 281 9f the Cmmpanias (Court) Rules,
\n‘A ” V  px\u00e9ymg to dissolve the csmpany etc.<\/p>\n
  This CA Comiag 0:1 for Orders this day the ctourt made<\/p>\n
  ”  fo\ufb02owmg:\n<\/p>\n
0 R B E R
\nThis application is \ufb02ied by the Official Liquidator<\/p>\n
0:1 behalf of the company in liquidation seeki\ufb01g<\/p>\n
97,<\/p>\n
permission to distribute the amounts to the crsdsiisrs<\/p>\n
and to dissolve the company under Section   _<\/p>\n
Companies Act and for ether mcidexgzal prayer-s;’_\u00bb,   ‘<\/p>\n
2. By an order dated 2,4.19E8′?, “.t:he <\/p>\n
Iiquidatios was ordered to be ‘ws\u00e9und   in
\nCompany Petition No.4}1.\u00a786_\u00ab”
\nattached to this court    liquicrlator of
\nthe company  .   =  \ufb01hs Act. The
\nccampany   isVs”‘i’sgistsrsci s\ufb01ice at
\nNo.1,    Estate, Kamakshi<\/p>\n
Pslya,   an authorised capital 01’<\/p>\n
Rs.4,{fJ’6,f}.0O\/-‘-\u00bb  into 4,000 equity shares of<\/p>\n
   said company was incorporated<\/p>\n
ix,*1th._%.Ath\u00e9~..,_ -sbj\u00e9ct of carrying on business in<\/p>\n
 _ mmii\ufb01aeii\ufb01\ufb01\ufb01g process and selling of all kinds of feed<\/p>\n
4s,.’prsd.;;cts’,’. agricuiturai prsducts viz, fruits, vegetables,<\/p>\n
.’   feeds etc,<\/p>\n
 s  3. Subsequent to the passing of the winding up<\/p>\n
order, on 27.5.1987 the official liquidatsr hat}. issued<\/p>\n
notice to the Ex-Dirmtsr of the company in liquidation<\/p>\n
\ufb02y,<\/p>\n
req:.1est:i_I1g them to handover the assets aznd booksand<\/p>\n
records of the company and to submit stater\ufb01\u00e9:’1’1{‘L:’–..<\/p>\n
affairs of the company. Accorciingly, statomoxzfof  M<\/p>\n
was filed on 20.3.1997 and the.'”\u00e9a’111e\u00e9_ was.”<\/p>\n
record in Company Application 159\/ <\/p>\n
dated 16.3.2006. From the :55:-2\u00a5.F1:v(v:fI”.Sf,a11;\u20acII\u00a5,\u00a7\u00a7’I’ttV of it
\nwas note\u00e9 that the as:’\u00a7\u20ac;t$  of
\nonly machinery and   sold by the
\nof\ufb01cial 1iquida::oi”‘A;Vf\u00a7i\u00ab’IV’ ;a:3A\u00ab.$u:n’1:.’*’:of\/ ~. According<\/p>\n
to the of\ufb01cioj  oi R\u00e9..8G,2′?O\/ – is credit
\nbaiancepf *\u00a7:h6 <\/p>\n
ii\u00bb. ;Counso’1  ’tile  Iiquidator submits that the<\/p>\n
 \ufb01’sec;;11a\u00e9q:,,,”\u00a7;;*o(1i1}or  M\/S. Syndicate Bank has to be<\/p>\n
I  oi’V-F{‘s.7\u00a7,OOO\/~ t:h<)L1g11 their claim is to an<\/p>\n
 L extent c;i"1:2os.A1o,37,151.e.8 as on ZE}.4.1984a31d after<\/p>\n
H H "   statutory expenses of Rs.3,624\/—- and making<\/p>\n
  pgyng\u00e9nz towar\ufb01s fees of the Chartered Accountant who<\/p>\n
T  'Was appointed to verify the books of accounts of the<\/p>\n
3 Company in liquidation, there is no further balance<\/p>\n
available for (iiSt\u00a7'i3Z)'i1\ufb01G1} and hence, the preforentia}<\/p>\n
craditors carmot. be paici any sums. He further subtrlits<\/p>\n
Q<\/p>\n
that there are no other proceedi\ufb02gs pending in r\u00a2$.;;\u00a7%3\u00a7t<\/p>\n
of the company and hence, after maldng   _<\/p>\n
payment, the company can be fu11yjgvou11d.~ ff.  ":1: –<\/p>\n
5. Taking note of the sai\u00e9 jsubixiissioizl  <\/p>\n
of the matsrial on record and”L\u00abf{it3nsid”6:I’i3jg~~.ff1e
\nthare are no ether pro::\u00a7 eedmg\u00e9.in \ufb011:\u00e9’\u00e9\u00e9;pe”<";:t of the
\ncompany ':11 Iiqtziciatioxg  Companies
\nAct would cor;;t\u00e9:i\u00a73%\u00a7\u00a71ai;<:i%_   (Sf tine co1:npa11y
\nhas to be   E\ufb01gbj\u00e9ct to the payments
\nto be   no othaar funds and
\nassets  the dissoiution order is<\/p>\n
passed';   ~-{f;f,cI';Sec\ufb011eiit1y, Company Applicatien<\/p>\n
   Company stands dissolved.\n<\/p>\n
  with Sectio\ufb02 481(2) 6f the Companies<\/p>\n
  ‘ ._Act witfiim 3. period 01″ 30 days from iih\ufb01 date of receipt of<\/p>\n
V’ ‘ : ”_z:.}:1.i_$H ‘order:\n<\/p>\n
S&f\u00ab}-\u00e9
\nfu\ufb01g\u00e9<\/p>\n
S3?<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court The Official Liquidator Of vs Nil on 3 June, 2009 Author: B.V.Nagarathna – 1 – IN THE HIGH COURT OF KARNATAKA AT BANGALQRE DATED TEES THE 03313 SAY OF JUNE, 2009 EEFORE THE H{)N’BLE MRS. JUSHCE B.V.NAGARA’PHN’Au\u00bb:._ _ ‘ ” C.A.I’-30.3 1512003 COP.NO.41[2C{Q\u00a7 BEZTWEEN: The O\ufb01icial Liquidator of M] s.Vijaya Food Pr0d13.cts(P) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-85283","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nThe Official Liquidator Of vs Nil on 3 June, 2009 - Free Judgements of Supreme Court & High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/the-official-liquidator-of-vs-nil-on-3-june-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Official Liquidator Of vs Nil on 3 June, 2009 - 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