IN THE HIGH COURT OF JUDICATURE AT PATNA COM PET No.6 of 1992 In the matter of M/s.Arnil Ceratronics Ltd. (In Liquidation) ----------- 112. 30.9.2011 The O.L. had filed OLR No. 43 of 2011 dated 24.6.2011 in which he had submitted final statement of accounts for the period from 1.4.2011 to 24.6.2011 and under the direction of this Court the same has been audited. Office has reported that the said statement of accounts was checked and verified with the help of cash book of the company and was found in order and further no discrepancy was found in the said statement of accounts. In the above circumstances, the final statement of accounts is accepted. Let the same be kept on the record. The O.L. prays for dispensing with the compliance of the provisions of Section 462(5) of the Companies Act. The prayer is allowed. The O.L. is directed to pay the audit fee for the same. It is pointed out in the O.L.’s report that the winding up proceedings were ordered by this Court on 31.3.1995 on the basis of the recommendation made by the Board for Industrial and Financial Reconstruction vide its order dated 14.5.1992. Thereafter all the known assets of the company have been sold for an amount of Rs.49,51,000/- and claims 2 were also invited by advertising in the newspapers and subsequently the creditors were paid under the direction of this Court. The O.L. submits that since there were no more assets left to be sold, vide order dated 28.1.2011 this Court accorded permission to take steps for dissolution of the company. Now the final statement of accounts has been filed and accepted. The position is that an amount of Rs. 68,079.13/- is lying in the account of the company, mainly in the Bank Account and a small amount of Rs.638/- as cash in hand. It is further submitted that the affairs of the company have been completely wound up and it is not possible to proceed further with the winding up of the company and that it is just and reasonable that the company be ordered to be dissolved. On a consideration of the entire facts and circumstances and in view of the submission of the O.L., this Court is of the view that it is just and reasonable that an order of dissolution of the company be made and it is accordingly ordered that the company, namely, M/s. Arnil Ceratronics Limited, be dissolved with effect from today, i.e., 30th September, 2011. The O.L. is directed to deposit 3 the balance amount of Rs. 68,079.13/- after meeting the audit fee and the liquidation expenses relating to dissolution of the company in the Companies’ Liquidation Account with the Reserve Bank of India. Let a copy of this order be communicated by the O.L. to the Registrar of Companies within 30 days from today. (Ramesh Kumar Datta,J.) Spal/