Official Liquidator of Padma Microtech (P) Ltd(in Liquidation) vs Jagatsingh Choudhary

3/12 13 TO 30-OLR-45-2026 (OS).DOC In the matter of Companies Act, I of 1956 And In the matter of Pedder & Pedder Tiles Ltd. (in Liquidation) Pratima Enterprises. ...Petitioner

¶54

AND

¶55

(19) OFFICIAL LIQUIDATOR REPORT NO. 51 OF 2026

¶56

IN

¶57

COMPANY PETITION NO. 292 OF 2010

¶58

In the matter of Companies Act, I of 1956 And In the matter of Ashutosh Legend Multimedia Pvt. Ltd. (in Liquidation) The Indian Express Ltd.. ...Petitioner

¶59

AND

¶60

(20) OFFICIAL LIQUIDATOR REPORT NO. 52 OF 2026 IN

¶61

COMPANY PETITION NO. 214 OF 2016

¶62

In the matter of Companies Act, I of 1956 And In the matter of Senator Motors Pvt. Ltd. (in Liquidation)

¶63

Abid Lalljee. ...Petitioner

¶64

AND

¶65

(21) OFFICIAL LIQUIDATOR REPORT NO. 53 OF 2026

¶66

IN

¶67

COMPANY PETITION NO. 159 OF 1999

¶68

Areeb

¶69

4/12 13 TO 30-OLR-45-2026 (OS).DOC

¶70

In the matter of Companies Act, I of 1956

¶71

And

¶72

In the matter of Padma Microtech Pvt. Ltd. (in Liquidation)

Jagatsingh Choudhary

...Petitioner

AND

(22) OFFICIAL LIQUIDATOR REPORT NO. 54 OF 2026

¶77

IN

¶78

COMPANY PETITION NO. 236 OF 2016

¶79

WITH

¶80

COMPANY PETITION NO. 237 OF 2016

¶81

In the matter of Companies Act, I of 1956

¶82

And

¶83

In the matter of Sarving Mercantile Pvt. Ltd. (in Liquidation)

¶84

Primesec Investment Ltd.

¶85

...Petitioner

¶86

AND

¶87

(23) OFFICIAL LIQUIDATOR REPORT NO. 55 OF 2026

¶88

IN

¶89

COMPANY PETITION NO. 1091 OF 2001

¶90

In the matter of Companies Act, I of

¶91

1956

¶92

And

¶93

In the matter of Kinjal Metals Ltd. (in Liquidation)

¶94

Messrs Premium Investments

¶95

...Petitioner

¶96

Areeb

¶97

13 TO 30-OLR-45-2026 (OS).DOC

¶98

5/12

¶99

AND

¶100

(24) OFFICIAL LIQUIDATOR REPORT NO. 56 OF 2026

¶101

IN

¶102

COMPANY PETITION NO. 1115 OF 2000

¶103

In the matter of Companies Act, I of

¶104

1956

¶105

And

¶106

In the matter of Mathuradas Narandas & sons Forwarders Pvt. Ltd. (in Liquidation)

¶107

Container Services Co, LLP ...Petitioner

¶108

AND

¶109

(25) OFFICIAL LIQUIDATOR REPORT NO. 57 OF 2026

¶110

IN

¶111

COMPANY PETITION NO. 164 OF 2004

¶112

In the matter of Companies Act, I of 1956 And In the matter of Jayesh Forging Co. Pvt. Ltd. (in Liquidation)

¶113

Hindustan Zinc Ltd. ...Petitioner

¶114

AND

¶115

(26) OFFICIAL LIQUIDATOR REPORT NO. 58 OF 2026

¶116

IN

¶117

COMPANY PETITION NO. 240 OF 2003

¶118

In the matter of Companies Act, I of 1956

¶119

And

¶120

In the matter of Harshad Arts Pvt. Ltd. (in Liquidation)

Sanjeev Nayyar

...Petitioner

Areeb

13 TO 30-OLR-45-2026 (OS).DOC

¶125

6/12

¶126

AND

¶127

(27) OFFICIAL LIQUIDATOR REPORT NO. 59 OF 2026

¶128

IN

¶129

COMPANY PETITION NO. 1157 OF 2015

¶130

In the matter of Companies Act, I of 1956

¶131

And

¶132

In the matter of Madhumilan Fincorp Ltd. (in Liquidation)

¶133

Sky Touch Infrastructure Pvt. Ltd. ...Petitioner

¶134

AND

¶135

(28) OFFICIAL LIQUIDATOR REPORT NO. 60 OF 2026

¶136

IN

¶137

COMPANY PETITION NO. 396 OF 2010 COMPANY PETITION NO. 388 OF 2008 COMPANY PETITION NO. 822 OF 2009

¶138

In the matter of Companies Act, I of 1956

¶139

And

¶140

In the matter of Shree Raj Travles And Tours Ltd. (in Liquidation)

¶141

M/s Rail Europe ...Petitioner M/s. Destination of the World (Subcontinent) Pvt. Ltd. ...Petitioner M/s. Pathfinders Travel Co. Ltd. ...Petitioner

¶142

AND

¶143

(29) OFFICIAL LIQUIDATOR REPORT NO. 61 OF 2026

¶144

IN

¶145

COMPANY PETITION NO. 695 OF 2015

¶146

Areeb

¶147

7/12 13 TO 30-OLR-45-2026 (OS).DOC

¶148

In the matter of Companies Act, I of 1956

¶149

And

¶150

In the matter of Y.A. Mamaji Furnishing Pvt. Ltd. (in Liquidation)

¶151

Anuradha Madhupati Singhania ...Petitioner

¶152

AND

¶153

(30) OFFICIAL LIQUIDATOR REPORT NO. 64 OF 2026

¶154

IN

¶155

COMPANY PETITION NO. 964 OF 2009

¶156

WITH

¶157

COMPANY PETITION NO. 152 OF 2010

¶158

In the matter of Companies Act, I of 1956 And

¶159

In the matter of Konark Embroidery Ltd. (in Liquidation)

¶160

Kotak Mahindra Prime Ltd.

¶161

...Petitioner

¶162

Ms. Apurva Thipsay for Official Liquidator.

¶163

Mr. Satyajit Roul- Official Liquidator present. Mr. Chetan Shelke, Dy. Official Liquidator present. Ms. Mahek Shah i/b DSK Legal for Petitioner in OLR/54/2026.

¶164

CORAM : ARIF S. DOCTOR, J. DATE : 13th FEBRUARY, 2026

¶165

P.C.

¶166

The captioned Official Liquidator’s Reports seek dissolution of the

¶167

Areeb

¶168

13 TO 30-OLR-45-2026 (OS).DOC

¶169

8/12

¶170

companies in question, particulars of which are as follows:

¶171

Sr. Nos.	OLR No.	Date of winding up / provisional liquidator appointment	Funds available	Claims
13	OLR No. 45 of 2026 (Germini Agro Pvt. Ltd. )	Official Liquidator appointed on 4^th January 2018 [Para 2/ Pg. 2]	 No funds or assets/ recoverable debts [Para 15/ Pg. 8]	Claims invited, no claims received. [Para 13-14/ Pg. 7-8]
14	OLR No. 46 of 2026 (Steign Pharmaceutic als Pvt. Ltd.)	Official Liquidator appointed on 13^th April 2017 [Para 3/ Pg. 2]	 No funds [Para 8/ Pg. 6]  No assets/ recoverable debts [Para 10/ Pg. 7]	Claims invited, no claims received. [Para 9 / Pg. 6-7]
15	OLR No. 47 of 2026 (Karmic Labs Pvt. Ltd.)	Official Liquidator appointed on 6^th November 2017 [Para 3/ Pg. 2]	 No funds or assets/ recoverable debts [Para 10-11/ Pg. 7]	Claims invited, no claims received. [Para 9 / Pg. 7]
16	OLR No. 48 of 2026 (Arya Diamond Jewellery Pvt. Ltd.)	Official Liquidator appointed on 25^th January 2018. [Para 3/ Pg. 2]	 No funds [Para 8/ Pg. 6]  No assets/ recoverable debts [Para 10/ Pg. 7]	Claims invited, no claims received. [Para 9/ Pg. 6-7]
17	OLR No. 49 of 2026 (Sirosmelt India Ltd.)	Official Liquidator appointed on 22^ndJune 2007 [Para 1/ Pg. 2]	 No funds or assets/ recoverable debts [Para 10-11/ Pg. 7]	Claims invited, no claims received. [Para 12 / Pg. 7-8]
18	OLR No. 50	Official	 Rs. 7259/- deposited by	Claims invited, no

¶172

Areeb

¶173

13 TO 30-OLR-45-2026 (OS).DOC

¶174

9/12

¶175

	of 2026 (Pedder & Pedder Tiles Ltd.)	Liquidator appointed on 13^th July 2012 [Para 1/ Pg. 1]	ex-directors as cash in hand. [Para 10/ Pg. 5]  No recoverable assets [Para 13/ Pg. 7]  Rs. 5000/- deposited by the Petitioner towards preliminary expenses [Para 14/ Pg. 7]	claims received. [Para 12 / Pg. 7]
19	OLR No. 51 of 2026 (Ashutosh Legend Multimedia Pvt. Ltd.)	Official Liquidator appointed on 27^th April 2011 [Para 1/ Pg. 1]	 Rs.5000/- deposited by the Petitioner [Para 14/ Pg. 8]  No assets/ recoverable debts [Para 13/ Pg. 8]	Claims invited, no claims received. [Para 11 / Pg. 8]
20	OLR No. 52 of 2026 (Senator Motors Pvt. Ltd.)	Official Liquidator appointed on 20^th April 2018 [Para 1/ Pg. 1]	 No funds [Para 13/ Pg. 8]	Claims invited, no claims received. [Para 9-10 / Pg. 6]
21	OLR No. 53 of 2026 (Padma Microtech Pvt. Ltd.)	Official Liquidator appointed as Provisional Liquidator appointed on 13^th December 1999 [Para 1/ Pg. 1]	 Nil [Para 8/ Pg. 6]  No recoverable assets/ debts [Para 9/ Pg. 6]	Claims invited, no claims received. [Para 6/ Pg. 4-5]
22	OLR No. 54 of 2026 (Sarvin Mercentile Pvt. Ltd.)	Official Liquidator appointed on 26^th April 2018 [Para 1/ Pg. 2]	 No funds [Para 9/ Pg. 5]	Claims invited, no claims received. [Para 11 / Pg. 8]
23	OLR No. 55 of 2026 (Kinjal Metals Ltd.)	Official Liquidator appointed on 2^nd August 2010 [Para 1/ Pg. 2]	 No funds or recoverable assets [Para 11-12/ Pg. 8]	Claims invited, no claims received from workers/ claimants. However, two suo-moto claims were received.

¶176

Areeb

¶177

13 TO 30-OLR-45-2026 (OS).DOC

¶178

10/12

¶179

				[Para 9 / Pg. 7]
24	OLR No. 56 of 2026 (Mathuradas Narandas & Sons Forwarders Ltd.)	Official Liquidator appointed on 22^ndJune 2010 [Para 1/ Pg. 2]	 No funds [Para 8/ Pg. 6]	Claims invited, no claims received from workers/ claimants. However, one suo-moto claim is received. [Para 9 / Pg. 7]
25	OLR No. 57 of 2026 (Jayesh Forging Co. Pvt. Ltd.)	Official Liquidator appointed on 21^st June 2007 [Para 1/ Pg. 1]	 No funds apart from Rs.5000/- deposited by the Petitioner towards preliminary expenses. [Para 5/ Pg. 4 and Para 9-10/ Pg. 5-6]	Claims invited, no claims received. [Para 6-7 / Pg. 4- 5]
26	OLR No. 58 of 2026 (Harshad Arts Pvt. Ltd.)	Official Liquidator appointed on 13^th July 2007 [Para 1/ Pg. 1]	 Nil [Para 7/ Pg. 4]  No funds or assets/ recoverable debts [Para 9/ Pg. 5]	Claims invited, no claims received. [Para 8/ Pg. 4-5]
27	OLR No. 59 of 2026 (Madhumilan Fincorp Ltd.)	Official Liquidator appointed on 9^th February 2018 [Para 2/ Pg. 1]	 Rs.10,820/- of which Rs. 5000/- were deposited by the Petitioner [Para 10-11/ Pg. 5]	Claims invited, no claims received. [Para 8-9 / Pg. 5]
28	OLR No. 60 of 2026 (Shree Raj Travels and Tours Ltd.)	Official Liquidator appointed on 12^th September 2012 [Para 1/ Pg. 1-2]	 No funds [Para 16/ Pg. 9]	Claims invited, 33 claims received. [Para 7-8/ Pg. 5- 6] - Duly Adjudicated and paid. [Para 10-14/ Pg. 6- 8]
29	OLR No. 61 of 2026 Y.A Mamaji	Official Liquidator appointed on 13^th	 No funds or assets/ recoverable debts [Para 5/ Pg. 4]	Claims invited, no claims received. [Para 7-8/ Pg. 5-

¶180

Areeb

¶181

13 TO 30-OLR-45-2026 (OS).DOC

¶182

11/12

¶183

	Furnishing Pvt. Ltd.)	February 2019 [Para 1/ Pg. 1]		6]
30	OLR No. 64 of 2026 (Konark Embroidery Ltd.)	Official Liquidator appointed on 13^th April 2012 and 18^thJune 2012 (in 2 Company Petitions) [Para 3/ Pg. 2]	 No funds or recoverable assets [Para 13-14/ Pg. 9]	Claims invited, no claims received. [Para 15/ Pg. 9- 10]

¶184

Ms. Thipsay submits that, the reason for dissolution is that the Companies

¶185

do not have any funds or assets and /or recoverable debts. She further points out that though claims had been invited, no claims have been received and thus it would be of no use to continue with liquidation process.

¶186

Having heard learned counsel and having perused the Official Liquidator Reports, I find merit in the submissions made, the Official Liquidator has set out that the Company does not have any funds or assets and /or recoverable debts therefore, the continuation of the liquidation process would be an exercise in futility and would endeavor to the benefits of none. Hence the Official Liquidator Reports are accordingly allowed.

¶187

IN OFFICIAL LIQUIDATOR’S REPORT NOS. 55 OF 2026 AND 56 OF 2026:

¶188

i. Ms. Thipsay however, points out that in Official Liquidator’s Report Nos. 55 of 2026 and 56 of 2026, suo moto claims were received from the parties claiming to be creditors, however, since the company in liquidation did not have any funds, the same did not proceed.

¶189