ATLANTIC ENGINEERING SERVICES P LTD Vs. STATE

JUDGEMENT

(1.) THIS is an application filed by the Official Liquidator seeking dissolution of the company namely Atalantic Engineering Services P. Ltd. (hereinafter referred to as the Company). The company was wound up on 12.8.1987.

(2.) THE registered office of the company was a lease hold property; on an application filed by the landlord the premises were handed back to the landlord on 21.02.1989. The plant and machinery lying in the factory premises of the company located at 19 K.M. Stone, Mathura Road, Faridabad were sold for an amount of Rs.1,00,00,000/- and the possession was handed over to the auction purchaser on 18.11.2002.

(3.) THE secured creditor Punjab and Sind Bank was also paid various amounts and date and details thereof find mention in para 9. An amount of Rs.12,36,483/- had also been paid to the Excise and Taxation Office, Faridabad.