Official Liquidator Of Filtrona India Ltd. (In Liqiuidation) v. M/S. Bhangaria And Co., Petitioner
1/10
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
(13) OFFICIAL LIQUIDATOR REPORT NO. 160 OF 2025 IN COMPANY PETITION NO. 775 OF 2001 In the matter of Companies Act, I of 1956;
And In the matter of Biowin Pharma (India) Ltd (in Liquidation) Manipal Finance Corpn. Ltd.
...Petitioner
AND
(16) OFFICIAL LIQUIDATOR REPORT NO. 3 OF 2026 IN COMPANY PETITION NO. 127 OF 2012 In the matter of Companies Act, I of 1956;
And In the matter of Sujay Enterprise (india) Pvt. Ltd (in Liquidation) Jitendra Virji Shah
...Petitioner
AND
(17) OFFICIAL LIQUIDATOR REPORT NO. 4 OF 2026 IN COMPANY PETITION NO. 879 OF 2015 In the matter of Companies Act, I of 1956;
And In the matter of Archdeep Interior Infra Pvt. Ltd. (in Liquidation)
2/10 Lake Point Builders Pvt. Ltd.
...Petitioner
AND
(18) OFFICIAL LIQUIDATOR REPORT NO. 5 OF 2026 IN COMPANY PETITION NO. 464 OF 2011 In the matter of Companies Act, I of 1956;
And In the matter of Shree Ramkrishna Electro Controls Limited. (in Liquidation) Twilight Prints Private Limited.
...Petitioner
AND
(19) OFFICIAL LIQUIDATOR REPORT NO. 7 OF 2026 IN COMPANY PETITION NO. 1310 OF 2015 In the matter of Companies Act, I of 1956;
And In the matter of Filtrona India Ltd. (in Liquidation) M/s. Bhangaria And Co.
...Petitioner
AND
(22) OFFICIAL LIQUIDATOR REPORT NO. 11 OF 2026 IN COMPANY PETITION NO. 272 OF 2015 In the matter of Companies Act, I of 1956;
And
3/10 In the matter of Sipra Remedies Pvt.
Ltd (in Liquidation) Shree Arun Packaging Company Pvt. Ltd
...Petitioner
AND
(24) OFFICIAL LIQUIDATOR REPORT NO. 14 OF 2026 IN COMPANY PETITION NO. 588 OF 2016 In the matter of Companies Act, I of 1956;
And In the matter of Metropolitan Overseas Ltd. (in Liquidation) Shah Mehta Holding Pvt. Ltd
...Petitioner
AND
(25) OFFICIAL LIQUIDATOR REPORT NO. 15 OF 2026 IN COMPANY PETITION NO. 27 OF 1992 In the matter of Companies Act, I of 1956;
And In the matter of Centaur Travel Service Pvt. Ltd. (in Liquidation) Trans Travel Pvt. Ltd.
...Petitioner
AND
(26) OFFICIAL LIQUIDATOR REPORT NO. 17 OF 2026 IN COMPANY PETITION NO. 220 OF 2013 In the matter of Companies Act, I of 1956;
4/10 And In the matter of Shree Rajlaxmi Logistics Ltd (in Liquidation) Mahendra Gumanmal Lodha
...Petitioner
AND
(27) OFFICIAL LIQUIDATOR REPORT NO. 18 OF 2026 IN COMPANY PETITION NO. 418 OF 1995 In the matter of Companies Act, I of 1956;
And In the matter of Suren Fabrics Pvt.
Ltd. (in Liquidation) Reliance Industries Ltd.
...Petitioner
AND
(28) OFFICIAL LIQUIDATOR REPORT NO. 19 OF 2026 IN COMPANY PETITION NO. 429 OF 2011 In the matter of Companies Act, I of 1956;
And In the matter of Dimples Cine Advertising Pvt. Ltd (in Liquidation) Indusind Bank Limited.
...Petitioner
AND
(29) OFFICIAL LIQUIDATOR REPORT NO. 20 OF 2026 IN COMPANY PETITION NO. 367 OF 2003 In the matter of Companies Act, I of
5/10 1956;
And In the matter of Ellora Steels Ltd. (in Liquidation) The Board For Industrial And Financial Reconstruction, New Delhi.
...Petitioner
AND
(30) OFFICIAL LIQUIDATOR REPORT NO. 21 OF 2026 IN COMPANY PETITION NO. 550 OF 2016 In the matter of Companies Act, I of 1956;
And In the matter of Rsg Infotech Pvt. Ltd.
(in Liquidation) Ingram Micro India Pvt. Ltd.
...Petitioner
AND
(33) OFFICIAL LIQUIDATOR REPORT NO. 26 OF 2026 IN COMPANY PETITION NO. 386 OF 2015 In the matter of Companies Act, I of 1956;
And In the matter of Thandiram Textiles Pvt. Ltd. (in Liquidation) Realsunrise Traders Pvt. Ltd
...Petitioner
_______ Mr. Anirudh Hariani, for Official Liquidator. Mr.Satyajit Roul, Official Liquidator present. Mr. Anil Bhagure, Deputy Official Liquidator present in OLR No.3/26, .
6/10 Mr. Chetan Shelke, Deputy Official Liquidator present in OLR Nos.4/26, 7/26, 11/26, 14/26, 15/26, 17/26, 18/26, 19/26, 20/26, 21/26 & 26/26. Mr. Pulakit Awasthi a/w Mr.Nishit Dhruva and K. Chhajed i/b MDP Legal for SEBI in OLR No.160/25.
Ms Swati Jain i/b A. S. Dayal & Associates for Petitioner in OLR No.18/26. Mr. Kedar Wagle for Petitioner in OLR No.21/26. _______
CORAM
:
ARIF S. DOCTOR, J.
th JANUARY 2026 DATE :
P.C.
1.
All these matters were placed on board today since a common issue arises. Each of the captioned Official Liquidator's Reports seeks dissolution of the Companies in question and consequential dispensation with the compliance which would otherwise be required during the course of final dissolution of a company in liquidation.
2.
For the convenience of the Court, the Official Liquidator has prepared a list setting out (i) the date on which the winding-up order was passed; (ii) the funds available; and (iii) the status of the claim in each of the companies. 3.
The details of each of the companies are set out as follows: Sr. No.
OLR NO.
Date of winding Funds Available Claims up /provisional liquidator appointment OLR No. 160/2025 Company Preliminary No claims invited (Biowin Pharma (India).
ordered to be expenses of Rs.
since no funds Ltd.) wound up on 15 5000/- deposited (except Rs.
December 2010.
by the Petitioner, 5000/-) or [Para 1 @ 1] which are to be recoverable returned to assets lying to the Petitioner.
credit of the
7/10 [Para 8 @ 7] company.
However, (three) suo motu claims / complaints received.
OLR No. 3/2026 Company Nil [Para 8 @ 6] Claims invited;
(Sujay Enterprise (India) ordered to be no claims Pvt. Ltd.) wound up by received order dated 14 [Para 10 & 11 @ August 2012 6 & 7] read with 23 August 2012.
[Para 1 @ 1] OLR No. 4/2026 Company NIL Claims invited;
(Archdeep Interior Infra ordered to be [Para 8 @ 6] no claims Pvt. Ltd.) wound up on 12 received January 2018.
[Para 6 @ 4] [Para 1 @ 1] OLR No. 5/2026 Company Preliminary No claims (Shree Ramkrishna Electro ordered to be expenses of Rs.
invited, no suoControls Ltd.) wound up on 8 5000/- deposited moto claims August 2012.
by the Petitioner, received.
[Para 2 @ 2] which are to be [Para 12 @ 9] returned to Petitioner.
[Para 10 @ 8] OLR No. 7/2026 Company NIL.
No claims (Filtrona India Ltd.) ordered to be [Para 11 @ 6] invited.
wound up on 13 [Para 11 @ 6] August 2018.
[Para 1 @ 1] OLR No. 11/2026 Company Rs. 9610/- Claims invited;
(Sipra Remedies Pvt. Ltd.) ordered to be [Para 8 @ 7] no claims wound up on 13 received April 2017.
[Para 6 @ 5] [Para 1 @ 1] OLR No. 14/2026 Company NIL.
Claims invited;
(Metropolitan Overseas ordered to be [Para 8 @ 6] no claims
8/10 Ltd.) wound up on 4 received May 2018.
[Para 10 @ 7] [Para 3 @ 2] OLR No. 15/2026 Company Preliminary No claims (Centaur Travel Service ordered to be expenses of Rs.
invited, no suo Pvt. Ltd.) wound up on 5 2000/- deposited motu claims May 1998.
by the Petitioner, received.
[Para 1 @ 1] which are to be [Para 11 @ 6] returned to Petitioner.
[Para 8 @ 5 & Para 10 @ 6] OLR No. 17/2026 Company Rs. 12,500/- No claims (Shree Rajlaxmi Logistics ordered to be [Para 11 @ 7] invited; one suo Ltd.) wound up on 29 motu claim January 2015.
received from [Para 1 @ 1] Income Tax Department for Rs.65,96,301/-.
[Para 11 @ 7] OLR No. 18/2026 Company NIL.
No claims (Suren Fabrics Pvt. Ltd.) ordered to be [Para 9 @ 5] invited.
wound up on 18 [Para 10 @ 5] November 1998.
[Para 1 @ 1] OLR No. 19/2026 Company NIL.
Claims invited;
(Dimples Cine Advertising ordered to be [Para 5 @ 4] no claims Pvt. Ltd.) wound up on 4 received.
July 2019.
[Paras 6 & 7 @ 4] [Para 1 @ 1] OLR No. 20/2026 Company NIL.
Claims invited;
(Ellora Steels Ltd.) ordered to be [Para 12 @ 6] no claims wound up on 17 received.
November 2008.
[Paras 9 & 10 @ [Para 1 @ 1] 5] OLR No. 21/2026 Company NIL.
No claims (RSG Infotech Pvt Ltd.) ordered to be [Para 7 @ 7] invited; no suo wound up on 4 motu claims May 2018.
received.
9/10 [Para 1 @ 1] [Para 9 @ 7] OLR No. 26/2026 Company NIL.
Claims invited;
(Thandiram Textiles Pvt.
ordered to be [Para 8 @ 5] no claims Ltd.) wound up on 8 received.
February 2018.
[Para 9 6] [Para 3 @ 2] On a query from the Court as to why no claims were invited in respect of some of the aforesaid companies, it was pointed out that this was because those companies neither have any funds nor do they have any assets. This is set out in each of the reports filed by the Official Liquidator. It is in the context of these facts that the various directions have been sought. Learned counsel have also placed reliance upon various decisions which support the directions which are today sought for, useful reference can be placed upon the decision of this Court in the case of Goan Riviera Resorts Private 1, Meghal Homes (P) Ltd. Vs. Shree Niwas Limited through the Official Liquidator 2, Delfin Expo Mart Vs. Royal Regency Fashions Pvt. Ltd. 3, Vikas Gimi K. K. Samiti 4, Indiana Spices and Foods Industries Ltd.
5 and Lalji Paper Mills Motors Pvt. Ltd.
6.
Pvt. Ltd In each of the aforesaid decisions, the Court proceeded to allow dissolution of the company in liquidation since there was a lack of sufficient or substantial 1 (2024) SCC Online Bom 751 2 (2007) 7 SCC 753 3 (2023) SCC Online Del 3866 4 (2023) SCC Online Del 4634 5 (2020) SCC Online Del 705 6 (2019) SCC Online Del 10739
10/10 funds or assets, and no useful purpose would be served by keeping the process of winding-up or liquidation alive.
Mr. Hariani has also pointed out that in those petitions where deposits have been made by the Petitioners creditors, in the event the Liquidator despite best efforts is unable to refund those amounts, then the Liquidator be permitted to transfer the said amounts to the company liquidation account under Section 555 of the Companies Act 1956 .
8.
Having heard learned counsel and having perused the judgments upon which reliance is placed, I am satisfied that a case has been made out for allowing the aforesaid Official Liquidator's Report. Hence the Official Liquidator's Reports are accordingly allowed and disposed of as prayed for.
[ARIF S. DOCTOR, J.]