The Delhi High Court has recently allowed the application for dissolution of M/s. Dimensions Innovation Labs Pvt. Ltd., marking the conclusion of the company’s liquidation proceedings as per the Supreme Court decision. The Official Liquidator has been discharged from duties and is now authorized to close the company’s books of accounts. Find out more about the final judgment communicated to the Registrar of Companies within 30 days.
Facts
- The company (in liquidation) M/s. Dimensions Innovation Labs Pvt. Ltd., had a bank account with Axis Bank with a balance of Rs. 1,50,000/-
- Information provided by Ex-Directors indicated another bank account with State Bank of Travancore with no balance available
- Statements of Ashish Srivastav and Smt. Srivastav were recorded on 24.05.2018 and 05.06.2018
- Official Liquidator’s letter to Axis Bank on 26.08.2022 yielded no results
- Recoveries from debtors like Bahrampur University, Punjab University, and IISER Mohali could not be made as they denied claims or were untraceable
- Liquidation proceedings of the company are to be concluded based on Supreme Court decision in Meghal Homes, and Section 481(1) of the Act
- Present application for dissolution of M/s. Dimensions Innovation Labs Pvt. Ltd. is allowed
- Official Liquidator is discharged from duties as Liquidator
- Official Liquidator can close the books of accounts of the company
- Judgment to be communicated to Registrar of Companies within 30 days
- Official Liquidator visited premises on 18.05.2018 but could not take possession as it was owned by Ms. Neena Gaur and Ms. Pushpa Saxena
- No assets or books of accounts of the company were traceable in the said premises
- Statement of Atul Gupta recorded on 17.01.2019
Case Title: AYUSH AGARWAL Vs. M/S DIMENTIONS INNOVATION LABS PVT LTD (2024:DHC:4022)
Case Number: CO.PET.-9/2013
