Durga Builders Limited - In liquidation.

Querist : Anonymous (Querist) 14 October 2010 This query is : Resolved
Dear All,

In the captioned matter the Company I am told has gone in the liquidation by the order of the court. Before Liquidation it has sold plots in Badarpur/Faridabad for which there was dispute qua the development charges and handling over of the possession to the plot owners. Now the question is that now if somebody wants to know the status of his/her case what should be the modus operandi whether he/she has to approach the High Court which passed the winding up order or the Liquidator.

Is there any time period within which the Liquidator is to finish his work.

Any inputs will be of great help for which purpose I from the bottom of my heart extend gratitude and thanks in advance.

Best Regards

Anonymous

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Chanchal Nag Chowdhury (Expert) 15 October 2010
He has to approach the Liquidator with all documents pertaining to his claim.
Generally, there is no time limit for the Liquidator but your claim should not be time barred. Moreover, if the Liquidator disburses the money earned from the assets of the Co., U will be left in the lurch.

Manish Singh (Expert) 15 October 2010
there is set of stipulated time framefor the liquidator also under which he has to ascertain the creditors and submit the list to the HC.
if you are a cerditor, approach the liquidator with an affidavit with all your claims and then after the liquidator shjall fix up a date for authentication of your claims. the he shall present th list to the HC. Hc shall then approve the list as per its own satisfaction and if any body has been left out, he may approach the H.C. then only the liquidator disburses the amount amongst the creditors as per the provisions of the Companies Act

pawan sharma (Expert) 15 October 2010
Agree with the experts.

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