https://www.taxtmi.com/caselaws?id=97988 A company's interest as a puisne mortgagee in the equity of redemption was treated as part of its estate or effects, so execution of a first mortgage decree could fall within the winding-up protections under the Companies Act. The sale was also not invalidated because the official liquidator, having notice of the sale and having sought adjournments to arrange payment of the decree debt, was held to have consciously waived the requirement of leave of the company court. On that basis, the sale could not be set aside for want of leave. en-us Tue, 01 Jan 1963 00:00:00 +0530 Wed, 18 Jan 2012 17:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97988 A company's interest as a puisne mortgagee in the equity of redemption was treated as part of its estate or effects, so execution of a first mortgage decree could fall within the winding-up protections under the Companies Act. The sale was also not invalidated because the official liquidator, having notice of the sale and having sought adjournments to arrange payment of the decree debt, was held to have consciously waived the requirement of leave of the company court. On that basis, the sale could not be set aside for want of leave. Case-Laws Companies Law Tue, 01 Jan 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97988