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2025 DAILYLAW 222079 (MAD)

The Official Liquidator v. Nill

COMP.A/305/2025 · 2025-12-12

N Anand Venkatesh

Transfer Petitionbody2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

COMP.A No. 305 of 2025 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 12-12-2025 CORAM THE HONOURABLE MR JUSTICE N. ANAND VENKATESH COMP.A No. 305 of 2025 IN CP No. 115 of 2004 The Official Liquidator High Court, Madras as the Provisional Liquidator of M/s.Vijayakumar Mills Limited (in provisional liquidation) Applicant(s) Vs Nil Respondent(s) PRAYER a) To extend the period for disbursement of dividend for a further period of six months, for the reasons mentioned in para 5 of this report b) To permit the Official Liquidator to transfer the unpaid dividend, if any, to the Registrar of Companies, Tamilnadu, Coimbatore as required under section 555(1) and (3) of the Companies Act, 1956 after expiry of the extended period of six months. c) To direct that the cost of this application to come from the funds of the company in liquidation. For Applicant: Mr.Pola Raghunath Official Liquidator ORDER This application has been filed by the Official Liquidator with the following prayer:- https://www.mhc.tn.gov.in/judis COMP.A No. 305 of 2025 a) To extend the period for disbursement of dividend for a further period of six months, for the reasons mentioned in para 5 of this report b) To permit the Official Liquidator to transfer the unpaid dividend, if any, to the Registrar of Companies, Tamilnadu, Coimbatore as required under section 555(1) and (3) of the Companies Act, 1956 after expiry of the extended period of six months. c) To direct that the cost of this application to come from the funds of the company in liquidation. 2. Heard the Official Liquidator and perused the report filed by the Official Liquidator. 3. This Court is convinced with the report filed by the Official Liquidator and hence this company application is allowed granting the reliefs as prayed for. 12-12-2025 ss https://www.mhc.tn.gov.in/judis COMP.A No. 305 of 2025 N.ANAND VENKATESH J. ss COMP.A No. 305 of 2025 IN CP No. 115 of 2004 12-12-2025 https://www.mhc.tn.gov.in/judis