https://www.taxtmi.com/caselaws?id=98905 A pre-winding-up attachment of a company's immovable property does not create title, charge, lien or any proprietary interest, and does not survive against the official liquidator where no execution sale has followed. The company's assets vest in the winding-up process for pari passu distribution, so such an attachment cannot defeat the equality principle under the Companies Act. The winding-up court may also ignore an ineffective attachment, remove the resulting cloud on title, and direct deletion of consequential revenue entries to enable collection and realisation of the assets for liquidation. en-us Tue, 30 Nov 1971 00:00:00 +0530 Tue, 24 Jan 2012 15:31:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98905 A pre-winding-up attachment of a company's immovable property does not create title, charge, lien or any proprietary interest, and does not survive against the official liquidator where no execution sale has followed. The company's assets vest in the winding-up process for pari passu distribution, so such an attachment cannot defeat the equality principle under the Companies Act. The winding-up court may also ignore an ineffective attachment, remove the resulting cloud on title, and direct deletion of consequential revenue entries to enable collection and realisation of the assets for liquidation. Case-Laws Companies Law Tue, 30 Nov 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98905