Cash routed to non-existent firm deemed proceeds of crime; laundered funds and properties attachable, provisional attachments confirmed; two accounts ...
Continuation of Section 73 service-tax proceedings after provider's death (construing s.65(7)) - held to abate; posthumous OIO and recoveries invalida...
Unregistered agreement for sale does not confer title; the court treated Eyelid's reliance on such an instrument as insufficient to require the official liquidator to disclaim onerous property or to execute and register conveyance, particularly given absence at possession, municipal records not recognising Eyelid, doubts as to document authenticity and circular payments. The court nevertheless granted Eyelid liberty to seek leave to institute civil proceedings under the Companies Act to establish rights, without conferring substantive relief. Salasar's pre emption/right to match the highest bid will be considered only if it actually matches the highest auction bid.
Unregistered agreement for sale does not confer title; the court treated Eyelid's reliance on such an instrument as insufficient to require the official liquidator to disclaim onerous property or to execute and register conveyance, particularly given absence at possession, municipal records not recognising Eyelid, doubts as to document authenticity and circular payments. The court nevertheless granted Eyelid liberty to seek leave to institute civil proceedings under the Companies Act to establish rights, without conferring substantive relief. Salasar's pre emption/right to match the highest bid will be considered only if it actually matches the highest auction bid.
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