Order for dissolution of co. was to be passed u/s 302 when all of its assets were sold in auction

COMPANY LAW : Where in pursuance of reference received from BIFR, winding up order of applicant company was passed and, thereupon, all assets of company were sold by Official Liquidator in auction process, it was just and appropriate to pass an order to dissolve applicant company in terms of section 481 of 1956 Act

from www.taxmann.com Latest Case Laws https://ift.tt/2XHM0BI