https://www.taxtmi.com/caselaws?id=96613 Notice of a share pledge given to a managing director acting with delegated board authority and within ostensible agency constitutes notice to the company, defeating the company's lien as to debts incurred after that notice and entitling pledgees to distributable surplus attributable to post-notice periods subject to prior debts; transfers or pledges executed after commencement of liquidation without court permission are ineffective, applications based on such post-liquidation transfers are dismissed, and the liquidator must implement any agreed compromise arrangements. en-us Fri, 28 Apr 1933 00:00:00 +0530 Mon, 09 Jan 2012 17:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96613 Notice of a share pledge given to a managing director acting with delegated board authority and within ostensible agency constitutes notice to the company, defeating the company's lien as to debts incurred after that notice and entitling pledgees to distributable surplus attributable to post-notice periods subject to prior debts; transfers or pledges executed after commencement of liquidation without court permission are ineffective, applications based on such post-liquidation transfers are dismissed, and the liquidator must implement any agreed compromise arrangements. Case-Laws Companies Law Fri, 28 Apr 1933 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96613