https://www.taxtmi.com/caselaws?id=96699 Where property was acquired using misapplied company funds, the court may order delivery of that property to the official liquidator on the basis that the company is prima facie entitled to it; this authorises interim possession but does not decide final title, which must be determined separately. The trust principle permits recovery of assets purchased with diverted funds, and the liquidator may take possession pending resolution of title under the procedures reserved for a final determination. en-us Fri, 29 Nov 1935 00:00:00 +0530 Tue, 10 Jan 2012 13:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96699 Where property was acquired using misapplied company funds, the court may order delivery of that property to the official liquidator on the basis that the company is prima facie entitled to it; this authorises interim possession but does not decide final title, which must be determined separately. The trust principle permits recovery of assets purchased with diverted funds, and the liquidator may take possession pending resolution of title under the procedures reserved for a final determination. Case-Laws Companies Law Fri, 29 Nov 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96699