Official Liquidator Of Torrent Motors ... vs M/S Hdfc Bank Ltd. (Petitioner)
Judges (1)
Counsel (1)
Case Significance
Official Liquidator Of Torrent Motors ... vs M/S Hdfc Bank Ltd. (Petitioner) is a Bombay High Court decision dated March 6, 2026 (citation: ik-196461489). The Official Liquidator filed reports seeking dissolution of 10 companies in liquidation under the Companies Act, 1956, as none of them had any funds, assets, or recoverable debts. Most companies had no Statement of Affairs filed by directors and in most cases no claims were received despite invitations. The court allowed all 10 Official Liquidator Reports, finding that continuation of the liquidation process would be an exercise in futility. The case was heard by Justice Arif S. Doctor. Counsel appearing: Sheth (counsel for applicant).
Summary
The Official Liquidator filed reports seeking dissolution of 10 companies in liquidation under the Companies Act, 1956, as none of them had any funds, assets, or recoverable debts. Most companies had no Statement of Affairs filed by directors and in most cases no claims were received despite invitations. The court allowed all 10 Official Liquidator Reports, finding that continuation of the liquidation process would be an exercise in futility.
What was the outcome of Official Liquidator Of Torrent Motors ... vs M/S Hdfc Bank Ltd. (Petitioner)?
The Official Liquidator filed reports seeking dissolution of 10 companies in liquidation under the Companies Act, 1956, as none of them had any funds, assets, or recoverable debts. Most companies had ...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (ik-196461489)