M/S Rajasthan Polysters Ltd. Vs
Case brief
What is this about?
The Official Liquidator filed a report under the Companies Act stating the company had no funds, no workmen claims, and the settled claims were adjudicated. The court accepted the report and directed the company's dissolution and transfer of a nominal sum to the common pool account.
What did the court decide?
The company was dissolved from 03/12/2019 and Rs.44/- was directed to be transferred to the common pool account.