Official Liquidator of Innotech Polyfabriks Limited (in Liquidation) vs M/S. Aditya Polymers and Chemicals (I) Pvt. Ltd. (Petitioner)

Mr. Chetan Shelke and Mr. J. P. Gautam, Deputy Official Liquidator present. Mr. Asadulla Thangal i/b AZB & Partners for Petitioners in CP/620/2016. Mr. Deepa Punde i/b Mr. Sachin Punde for Petitioner in CP/684/2014

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CORAM : ARIF S. DOCTOR, J. DATE : 20th FEBRUARY 2026

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P.C.

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The captioned Official Liquidator’s Reports seek dissolution of the

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companies in question, particulars of which are as follows:

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Sr. Nos.	OLR No.	Date of winding up / provisional liquidator appointment	Funds available	Claim	s
9	OLR No. 44/2026 (Rotoflow Polymers Pvt. Ltd.)	Company ordered to be wound up on 13 July 2018 [Para 1 @ 1]	Preliminary expenses of Rs. 10,000/- deposited by the Petitioner, which are to be returned to Petitioner. [Para 11-13 @ 5-6]	Claims i no received. However, suo motu of Departm received. 7 @ 4]	nvited; claims one claim GST ent [Para
10	OLR No. 66/2026 (Brier Systems Pvt. Ltd.)	Company ordered to be wound up by order dated 12 April 2018.	Nil [Para 9 @ 6]	Claims i no received [Para 10 @ 6]	nvited; claims & 11

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Meera Jadhav

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9/13

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9-30-OLR-44-26 & ORS.DOC

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		[Para 1 @ 1]
11	OLR No. 67/2026 (Dynamic Beverages Pvt. Ltd.)	Company ordered to be wound up on 4 January 2018. [Para 3 @ 2]	NIL [Paras 10 & 11 @ 6 & 7]	Claims invited; no claims received. One suo motu claim earlier received – adjudicated and paid. [Paras 7 @ 5 & 12 @ 7]
12	OLR No. 68/2026 (Innotech Polyfabriks Ltd.)	Company ordered to be wound up on 21 November 2017. [Para 1 @ 1]	NIL [Para 8 @ 5]	Claims invited; no claims received. [Paras 6 & 7 @ 4 & 5]
13	OLR No. 69/2026 (Ganpati Multi Specialty Medicare Pvt. Ltd.)	Company ordered to be wound up on 5 January 2018. [Para 1 @ 1]	Rs.1,48,372/-, which is to be transferred to Companies Liquidation Account [Para 6 @ 4]	Claims invited; no claims received. [Para 7 @ 4]
14	OLR No. 70/2026 (Seeyen Engineering Company Pvt. Ltd.)	Company ordered to be wound up on 2 February 2017. [Para 1 @ 1]	NIL [Para 7 @ 5]	Claims invited; no claims received [Para 8 @ 6]
15	OLR No. 71/2026 (Metro Mumbai Infradeveloper Pvt. Ltd.)	Company ordered to be wound up on 12 January	NIL. [Para 6 @ 5]	Claims invited; no claims received [Para 7 @ 5]

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Meera Jadhav

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10/13

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9-30-OLR-44-26 & ORS.DOC

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		2018. [Para 1 @ 1]
16	OLR No. 72/2026 (Vijaya Housing Pvt. Ltd.)	Company ordered to be wound up on 13 January 2016. [Para 1 @ 1]	NIL. [Para 6 @ 7]	Claims invited; no claims received [Para 7 @ 7]
17	OLR No. 73/2026 (Sai Prasad Media Pvt Ltd.)	Company ordered to be wound up on 3 May 2018. [Para 1 @ 1]	NIL. [Para 6 @ 4]	Claims invited; no claims received [Para 7 @ 4]
18	OLR No. 74/2026 (e-Cognosys Information Systems Pvt. Ltd.)	Company ordered to be wound up on 26 April 2018. [Para 1 @ 1]	NIL. [Para 6 @ 4]	Claims invited; no claims received [Para 7 @ 5]
19	OLR No. 75/2026 (Healthema India Pvt. Ltd.)	Provisional liquidator – 1 April 2014 Company ordered to be wound up on 16 December 2014. [Para 1 @ 1]	Rs.94/-, which is to be transferred to Companies Liquidation Account [Para 7 @ 4]	Claims invited; no claims received. [Para 5 @ 3]
20	OLR No. 76/2026 (New Italian Textile Processors Pvt. Ltd.)	Company ordered to be wound up on 16 June 2007.	Preliminary expenses of Rs. 5,000/- deposited by the Petitioner, which are to be	No claims invited; no suo motu claims received. [Para 9 @ 5]

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Meera Jadhav

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11/13

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9-30-OLR-44-26 & ORS.DOC

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		[Para 1 @ 1]	returned to Petitioner. [Para 7 @ 4]
21	OLR No. 77/2026 (Orbit Polyester Ltd.)	Company ordered to be wound up on 7 February 2007. [Para 1 @ 1]	Rs. 10,064/- out of which Rs. 5,000/- to be returned to Petitioner (preliminary expenses deposited by it) and balance Rs. 5,064/- to be transferred to the Companies Liquidation Account [Para 10 @ 5]	Claims invited; no claims received. [Para 8 @ 4]
24	OLR No. 80/2026 (Ameya Trade Impex Pvt. Ltd.)	Company ordered to be wound up on 2 February 2017. [Para 1 @ 1]	NIL [Para 12 @ 6]	Claims invited; no claims received [Paras 10 & 11 @ 5 & 6]
25	OLR No. 81/2026 (Creative Mark Engineering Solutions Pvt. Ltd.)	Company ordered to be wound up on 13 April 2017. [Para 1 @ 1]	NIL [Para 10 @ 5]	Claims invited; no claims received [Para 12 @ 5]
26	OLR No. 82/2026 (Carewell Printers Pvt. Ltd.)	Company ordered to be wound up on	Preliminary expenses of Rs. 10,000/-	Claims invited; no claims received

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Meera Jadhav

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12/13

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9-30-OLR-44-26 & ORS.DOC

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		19 July 2010. [Para 1 @ 1]	deposited by the Petitioner, which are to be returned to Petitioner. [Para 12 @ 5]	[Paras 14 & 15 @ 6]
27	OLR No. 83/2026 (Everest Photo Offset Ltd.)	Company ordered to be wound up on 13 April 2017. [Para 1 @ 1]	NIL [Para 10 @ 6]	Claims invited; no claims received [Paras 8 & 9 @ 6]
29	OLR No. 86/2026 (Wine Soc. of India Pvt. Ltd.)	Company ordered to be wound up on 4 May 2018. [Para 1 @ 1]	NIL [Para 6 @ 8]	Claims invited; no claims received [Para 5 @ 8]
30	OLR No. 87/2026 (Pinnacle Prints Pvt. Ltd.)	Company ordered to be wound up on 20 March 2015. [Para 2 @ 1]	Rs. 54,056/- out of which Rs. 50,926 are prayed to be paid to security agency, viz. Rapid Guard Force. The balance Rs. 3,130/- prayed to be transferred to the Companies Liquidation Account [Paras 11 to 14 and 17 @ 9 onwards]	Claims invited; no claims received. However, 3 suo motu claims received. [Para 16 @ 12]

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Meera Jadhav

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13/13

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9-30-OLR-44-26 & ORS.DOC

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Mr. Hariani submits that, the reason for dissolution is that the Companies

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do not have any funds or assets and /or recoverable debts. He 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.

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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.

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4 Hence the Official Liquidator Reports are accordingly allowed and disposed of.

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Meera Jadhav

Official Liquidator of Innotech Polyfabriks Limited (in Liquidation) v. M/S. Aditya Polymers and Chemicals (I) Pvt. Ltd. (Petitioner)

Case brief

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Official Liquidator of Innotech Polyfabriks Limited (in Liquidation) v. M/S. Aditya Polymers and Chemicals (I) Pvt. Ltd. (Petitioner)

Case brief

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