M/S.Nagarjuna Marketing and Exports Ltd. v. M.Lakshmi Devi.
Case brief
What is this about?
The Court closed two Company Applications filed by an Official Liquidator for prosecution of accused directors who could not be traced despite exhaustive police efforts, granting liberty to file fresh applications if accused are located.
What did the court decide?
Both Company Applications closed with liberty to the Official Liquidator to file a fresh application if accused are traced.
What the court decided
HON'BLE SRI JUSTICE C.V.NAGARJUNA REDDY Company Application Nos.67 and 435 of 2007
Date:01.09.2014
Company Application No.67 of 2007
Between:
M/s Nagarjuna Marketing and Exports Ltd (in liqn), Reptd by the Official Liquidator
……Applicant
And:
Sri G.K.Maheshwari
….Respondent
Company Application No.435 of 2007
Between: M/s Nagarjuna Marketing and Exports Ltd (in liqn), Reptd by the Official Liquidator
……Applicant
Issues for consideration
2 issues framed by the court
Whether Company Applications under Section 454 of the Companies Act should be closed when law enforcement efforts to trace accused persons have proved futile
Whether the Official Liquidator should be granted liberty to file fresh applications if accused are later located
Parties & counsel
- applicant
M/s Nagarjuna Marketing and Exports Ltd
- respondent
Sri G.K.Maheshwari
- respondent
Ms M.Lakshmi Devi
- respondent
Mr A.Suresh Chandra
- respondent
Mrs K.Swathi
Case details
As recorded by the court registry
- Court
- Telangana HC
- Decided on
- · September
- Registered
- Case no.
- COMPA/435/2007
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