Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Property transfer through shareholding agreement prior to winding up petition deemed valid commercial transaction in ordinary course of business. No mala fide intent or collusion discernible between parties. Subject property cannot vest with company in liquidation, especially when no construction commenced except bhumipujan. Application by applicant company allowed, directing Official Liquidator to de-seal subject property and hand over vacant, peaceful possession.
Property transfer through shareholding agreement prior to winding up petition deemed valid commercial transaction in ordinary course of business. No mala fide intent or collusion discernible between parties. Subject property cannot vest with company in liquidation, especially when no construction commenced except bhumipujan. Application by applicant company allowed, directing Official Liquidator to de-seal subject property and hand over vacant, peaceful possession.
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