GULSHAN LAL J. MANAKTALA vs M/S BODYCARE (I) P. LTD.

Judgment text excerpt

$~CO.1 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 19.03.2025 + CO.PET. 41/1997 GULSHAN LAL J. MANAKTALA .....Petitioner Through: None. versus M/S BODYCARE (I) P. LTD. .....Respondent Through: Mr. Amit Agrawal, SC with Ms. Sana Jain, Advs. for OL. CORAM: HON'BLE MS. JUSTICE TARA VITASTA GANJU TARA VITASTA GANJU, J.: (Oral) CO. APPL.931/2024[For dissolution of the company] 1. This is an Application filed on behalf of the Official Liquidator under Section 481 of the Companies Act, 1956 [hereinafter referred to as “Act”] seeking dissolution of the Company, M/s Bodycare (India) Pvt. Ltd [hereinafter referred to as “the Company”]. It is apposite to set out the prayers in the Application which reads as follows: “a. Permit the Official Liquidator to transfer the unclaimed Dividend of Rs. 69,13,867/- to the Reserve Bank of India under section 555 of the Companies Act, 1956. b. Permit the Official Liquidator to transfer the balance amount of Rs. 7,28,856.56/- to the Common Pool; c. The Company M/S.BODYCARE (INDIA) PVT. LTD. (IN LIQN) may be dissolved under Section 481 (1) of the Companies Act, 1956 and the Official Liquidator be discharged from the duties as Liquidator of the Company; d. Permit the Official Liquidator to close the books of accounts of the Company (In Liqn.) maintained by the office of the Official Liquidator;” 2. A Petition under Sections 433 and 434 of the Act was filed by the Petitioner against the Respondent seeking winding up of the Respondent Signature Not Verified Digitally Signed CO.PET. 41/1997 Page 1 of 6 By:RAHUL Signing Date:18.04.2025 20:04:23 Company for non-payment of dues of the Petitioner. The Court on 06.03.1997 recorded that Ms. R.R. Ajinkya [hereinafter referred to as “Administrator”] was appointed as an Administrator of the Co