Ambica Mills Co. Ltd. and the official liquidator was
appointed as the liquidator of the company. Thereafter the official
liquidator filed an application before this ... discharging the respective liabilities
of the respondent company. The undertaking given by the company in
liquidation in this case was as under :
“3. I state
company or the liquidator of an insurance company (in the event of the insurance company being in liquidation), the court is satisfied-- (a) that ... relevant time a director, managing agent, manager, liquidator, secretary or other officer of the insurance company shall, for the purposes of that sub-section
promotion or formation of the company, or any person, who is or has been a director, manager, Company Liquidator or officer of the company ... Tribunal may, on the application of the Official Liquidator, or the Company Liquidator, or of any creditor or contributory, made within the period specified
company. (2) If the creditors and the company nominate different persons the person nominated by the creditors shall be Liquidator: Provided that any Director, member ... Liquidator instead of or jointly with the person nominated by the creditors, or appointing the Official Liquidator or some other person to be Liquidator instead
Section 547 in The Companies Act, 1956
547. Notification that a company is in liquidation .-
(1) Where a company is being wound-up, whether ... company, being a document on or in which the name of the company appears, shall contain a statement that the company is being wound
June, 1961, the company went into liquidation and the Official Liquidator was appointed Liquidator of the company. The company is now in the process ... Income-tax Act or in the Companies Act , which exempts a company in liquidation from assessment. On the other hand, Section 178 of the Income
company-
in-liquidation, through its Recovery Officer
but only after notice to the Official
Liquidator or the liquidator appointed by the
Company Court and after ... borrower company-in-liquidation, but only
after notice to the Official Liquidator or the
liquidator appointed by the Company Court
and after hearing
company") for a declaration that sale of 186 shares of the National Machinery Manufacturing Company Ltd. held by the company in liquidation in Execution ... winding up the company and simultaneously appointed the official liquidator as liquidator of the company. The liquidator proceeded to collect and take into his custody
deemed public company under section 43A(1A) of the Companies Act. As a consequence of this company being a deemed public company ... company had filed a suit against a company to recover money and got an attachment of the shares of the company under liquidation in another
held that "once Official Liquidator had been appointed as the Provisional
Liquidator of the company in liquidation, he should have been associated
with ... Company (India) Ltd. supra, following
Rajasthan Financial Corporation held that a securitization company if
seeks to sell the assets of a debtor company in liquidation
