OFFICIAL LIQUIDATOR Vs. SHREE CEMENT LTD

JUDGEMENT

(1.) THIS is an application by Judge's Summons under Section 457(1) of the Companies Act, 1956 for obtaining the order of the court. The other side has not filed reply to the application nor to the affidavit filed by the Official Liquidator in support thereof.

(2.) BASERA Cement Limited was ordered to be wound up under the order of the court dated 8 -2 -2002 in Company Petition No. 38/2000 and the Official Liquidator attached to this Court was appointed as its Liquidator. The Ex -Directors of the Company (in liquidation) have not yet filed statement of affairs as required under Section 454(1) of the Companies Act, 1956.

(3.) THE Official Liquidator shall have the powers with the sanction of the Court to settle the list of creditors/contributories and fix the date/dates for the settlement of the list of contributories and for filing of proof by the creditors of the company (in liquidation) in respect of their debts and claims for priority if any under Section 530 of the Companies Act, 1956 and following powers shall be exercised by the Official Liquidator under Section 457 of the Act, 1956,