250. Effect of company notified as dissolved
Where a company stands dissolved under section 248, it shall on and from the
date mentioned in the notice under sub-section (5) of that section cease to operate as a
company and the Certificate of Incorporation issued to it shall be deemed to have been
cancelled from such date except for the purpose of realising the amount due to the company
and for the payment or discharge of the liabilities or obligations of the company.