VIJAY KUMAR VERMA vs .....

Judgment text excerpt

$~68 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 29th APRIL, 2025 IN THE MATTER OF: + CO.APP. 5/2025 & CM APPL. 25411/2025 VIJAY KUMAR VERMA .....Appellant Through: Mr. Dhiraj Sachdeva, Adv. versus ..... .....Respondent Through: Ms. Ruchi Sindhwani, SSC with Ms. Megha Bharara, Adv. for Official Liquidator. CORAM: HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD HON’BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT (ORAL) SUBRAMONIUM PRASAD, J. 1. The instant Appeal has been filed by the Appellant challenging the Order dated 20.02.2025 passed by the learned Single Judge in Company Application being Co. Appl. No. 1052/2024 in Company Petition No. 188/1999, wherein the learned Single Judge has observed as under: “CO. APPL. 1052/2024 27. The present application has been filed by the applicant seeking permission to represent his interest in the proceedings with respect to the affairs of the company under liquidation and participate in the proceedings. 28. The company has already been wound up and the Signature Not Verified Digitally Signed By:HARIOM SINGH KIRMOLIYA CO.APP. 5/2025 Page 1 of 3 Signing Date:07.05.2025 11:05:35 properties of the company in liquidation have also been sold. 29. The applicant, who is an Ex-Director, cannot be permitted to participate in the pending proceedings before this Court. 30. The application is, therefore, dismissed.” 2. A brief contextual background of the present Appeal, is that the Appellant is the ex-Director and Shareholder of the M/s Continental Textile Mills Limited (in liquidation) (“the Company”). By way of an order dated 05.10.2001, a Coordinate Bench of this Court had directed the winding up of the Company, and subsequently on 18.10.2002, the Official Liquidator had taken possession of the property of the Company situated