Judgment · High Court
Case at a glance
Provisions considered
Key paragraphs
- Para 33. Accordingly, in terms of Section 481(1) of the Act of 1956, the company under question namely Laxmi Bank Limited is ordered to be dissolved. The official liquidator shall deposit the amount of Rs.71,91,869/- and Rs.1,50,00,000/- (approximately) in terms of Section 555 of the Act…
- Para 44.Proceedings are closed. Civil Application CAL No. 19/2025This application does not survive and stands disposed of accordingly. (ANIL L. PANSARE, J.)MP Deshpande
Judgment
Accordingly, in terms of Section 481(1) of the Act of 1956, the company under question namely Laxmi Bank Limited is ordered to be dissolved. The official liquidator shall deposit the amount of Rs.71,91,869/- and Rs.1,50,00,000/- (approximately) in terms of Section 555 of the Act, after deducting administrative and professional expenses. A copy of the order shall be forwarded by the Official Liquidator to the Registrar, who shall record the dissolution of the company as per Section 481(2) of the Act of 1956.
Proceedings are closed. Civil Application CAL No. 19/2025This application does not survive and stands disposed of accordingly. (ANIL L. PANSARE, J.)MP Deshpande
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
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