Official Liquidator of Biowin Pharma (India) Ltd(in Liquidation) v. Manipal Finance Corpn.Ltd
Case brief
What is this about?
Bombay HC OLR 160/2025 & 13 OLRs of 2026 allowed; dissolution of 14 companies in liquidation (Biowin Pharma, Sujay Enterprise, Archdeep Interior Infra, Shree Ramkrishna Electro Controls, Filtrona India, Sipra Remedies, Metropolitan Overseas, Centaur Travel, Shree Rajlaxmi Logistics, Suren Fabrics, Dimples Cine Advertising, Ellora Steels, RSG Infotech, Thandiram Textiles) with dispensation of final-dissolution compliances; no funds/assets, no claims; relied on Goan Riviera Resorts (2024) SCC Online Bom 751, Meghal Homes (2007) 7 SCC 753, Delfin Expo Mart, Vikas Motors, Indiana Spices, Lalji Paper Mills (Del); S.555 Companies Act 1956 transfer of unrefundable deposits to company liquidation account; Arif S. Doctor, J.
What did the court decide?
The Official Liquidator's Reports were allowed and the fourteen companies in liquidation ordered dissolved with consequential dispensation of the compliances otherwise required during final dissolution, as prayed for in the Reports (including return of preliminary-expense deposits to the petitioners and transfer of unrefundable deposited amounts to the company liquidation account under Section 555 of the Companies Act 1956).