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

$~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