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Punjab-Haryana High Court

M/S Everest Advertising Pvt Ltd vs M/S Avi Exports India Ltd on 30 May, 2022

109-C

                      OLR-16-2022 and CA-54-2022
                            in CP-17-1998

        IN THE MATTER OF AVI EXPORTS (INDIA) LTD. (IN
                       LIQUIDATION)

Present:-    Mr. Hitesh Malik, Advocate with
             Mr. Prashant Baliyan, Official Liquidator

                                         ***

CA-54-2022 Allowed as prayed for.

OLR-16-2022 It has been brought to the notice of the Court that the former Directors have already been declared proclaimed offenders in the proceedings initiated by Serious Fraud Investigating Office (SFIO). The Official Liquidator complains that the former Directors are liable to be prosecuted for non-filing of the statement of affairs.

Since the former Directors have already been declared the proclaimed offenders, therefore, this Court does not find it appropriate to keep the matter pending. The OLR stands disposed of.



30.05.2022                                     (ANIL KSHETARPAL)
rekha                                               JUDGE




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