Over 2 lakh Indian cases. Search powered by Google!

Case Details

IN THE MATTER OF DANIN LEATHER LTD.

High Court of Judicature at Allahabad

Case Law Search

Indian Supreme Court Cases / Judgements / Legislation

Judgement


In The Matter Of Danin Leather Ltd. - COMPANY PETITION No. 95 of 1997 [2006] RD-AH 4165 (22 February 2006)

 

This is an UNCERTIFIED copy for information/reference. For authentic copy please refer to certified copy only. In case of any mistake, please bring it to the notice of Joint Registrar(Copying).

HIGH COURT OF JUDICATURE OF ALLAHABAD

Hon. Sunil Ambwani, J.

Heard Shri A.K. Misra, learned counsel for the Official Liquidator and Shri S.O.P. Agrawal, learned counsel for delinquent Ex-Directors.

An incomplete and sketchy statement of affairs has been filed today in the morning with the Official Liquidator.  The Ex-Director is present in the Court and informs that some of the dues have been paid.    Shri S.O.P. Agarwal submits that due to fire goods, machinery as well as accounts were burnt.    He also informs that about Rs.95 lacs was due from Soviet countries, which could not be recovered because of disintegration of the Soviet blocks.  He has placed on record a letter from Reserve Bank of India dated 27.6.2002 asking the company as to what steps they have taken to realize the dues.

It is matter of concern that a company, which was wound up on 12.10.1999 was hiding this fact from the Court and the Official Liquidator and that the Ex-Directors turned up only after non-bailable warrants were issued and they were arrested.

Let the Official Liquidator submits his report on the statement of affairs.   Shri S.O.P. Agrawal states that the company is not left with any property or assets at all and thus the company does not have anything to hand over to the Official Liquidator.

Put up this matter on 24.3.2006.  All the Ex-Directors will be present on that day.

Dt.22.2.2006


Copyright

Reproduced in accordance with s52(q) of the Copyright Act 1957 (India) from judis.nic.in, indiacode.nic.in and other Indian High Court Websites

Advertisement

dwi Attorney | dui attorney | dwi | dui | austin attorney | san diego attorney | houston attorney | california attorney | washington attorney | minnesota attorney | dallas attorney | alaska attorney | los angeles attorney | dwi | dui | colorado attorney | new york attorney | new jersey attorney | san francisco attorney | seattle attorney | florida attorney | attorney | london lawyer | lawyer michigan | law firm |

Tip:
Double Click on any word for its dictionary meaning or to get reference material on it.