Applicant in pursuance of the winding up order shows the balance held by the Company in liquidation with standard Chartered Bank at Rs.1,87,223, and nil cash in hand, nil loans and advances as also nil amount on account of furnitures and fixtures and current liability, the balance sheet of the Company in liquidation on December 2011 discloses different figures. Whereas the balance held with Standard Chartered Bank is shown in the balance sheet as Rs. 2,18,798, there is some cash in hand as well as loans and advances and furniture and fixtures and current liabilities are shown in the balance sheets. The winding up order was passed on 2 January 2014. It is admitted between the contributories that the balance lying with Standard Chartered Bank was Rs.1,87,223 as at the date of the winding up order. So also, the agreed position as between the contributories as at the date of the winding up order showed nil cash in hand or loans and advances. The figures of these two accounts in the balance sheet of 31 March 2011 is thus of no relevance. So also, the statement of affairs submitted in pursuance of the winding up order makes a provision for depreciation of Rs.39,289 towards furnitures and fixtures and after making an allowance for this depreciation, the value of furniture and fixtures is shown as nil. This again is an admitted position as between the contributories. So also, it is an admitted position that there are no current liabilities as of the date of the winding up order. The winding up order merely shows two assets held by the Respondent Company, namely, the balance with Standard Chartered Bank, as noted above, and the shares of M/s. Current Technical Literature Pvt. Ltd.. The investment reflected in the statement of affairs pertains to these shares. Having regard to the order passed by this Court on 2 January 2014, in terms of the minutes of order signed by the contributories, there cannot
