Official Liquidator Of Deepak Machineries P.Ltd.(In Liquidation) v. Ispat Industries Ltd.

9_OLR_71_24.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION OFFICIAL LIQUIDATOR'S REPORT NO. 71 OF 2024 IN COMPANY PETITION NO. 1217 OF 2000 In the matter of The Companies Act, I of 1956;

And In the matter of M/s. Deepak Machineries Pvt. Ltd.

(in liquidation) M/s. Ispat Industries Ltd.

...

Petitioner Mr. Ranjeev Carvalho for Official Liquidator. Mr. Anil Bhagure, Deputy Official Liquidator. CORAM : MANISH PITALE, J.

DATE :

31st JANUARY, 2025 P.C. :

.

By this Official Liquidator's Report (OLR), the Official Liquidator is seeking various reliefs at prayer clauses (a) to (f). By an order dated 12.12.2024, this Court granted prayer clause (a), whereby the Official Liquidator was permitted to invite claims/objections from all the stakeholders by giving notice of 14 days against dissolution of companies under Section 481(1) of the Companies Act, 1956, by publishing dissolution notice in newspapers specified in the said prayer clause.

2.

Pursuant thereto, an additional affidavit dated 30.01.2025 is filed by the Official Liquidator giving details about publication of by PRIYA KAMBLI Date:

2025.02.03 15:49:25 +0530 PRIYA KAMBLI 1/2

9_OLR_71_24.doc such dissolution notice in Free Press Journal and Navshakti on 23.12.2024. Such notice of 14 days was given and it is specifically stated that despite expiry of the said period of 14 days, the Official Liquidator did not receive any comments, claims or objections from the creditors, workers, stakeholders or shareholders of the company in liquidation till the date of filing of the affidavit. 3.

The learned counsel for the Official Liquidator invited attention of this Court to Section 481 of the Companies Act, 1956 and he also relied upon the contents of paragraph Nos.18 to 21 of the OLR in support of prayer clauses (b) to (f). This Court has considered the said provision of law and in that context, the statements made in the aforementioned paragraphs of the OLR. Having taken into account the aforesaid situation, this Court is convinced that reliefs sought at prayer clauses (b) to (f), deserve to be granted.

4.

Accordingly, the OLR is allowed in terms of prayer clauses (b) to (f) and the same stands disposed of.

(MANISH PITALE, J) Priya Kambli 2/2