City Group Investors Welfare Association v. the Official Liquidator of City Realcom Limited - U45400MH2007PLC170368 and 2 Others
Case brief
What is this about?
In an application initiated by a welfare association concerning a wound-up company, the Court noted the company's lack of funds and directed the Official Liquidator to adjudicate individual member claims within four months.
What did the court decide?
The Company Petition was disposed of; the Official Liquidator directed to adjudicate individual member claims within four months and file a report on property non-handover within two weeks.