https://www.taxtmi.com/caselaws?id=101167 A disposition of company property made after commencement of winding up is void under section 536(2) unless the court validates it, so the official liquidator was entitled to recover possession. The plea of limitation under Article 59 of the Limitation Act failed because the challenge was to a void statutory disposition, not cancellation of a valid instrument, and acceptance of rent did not cure the defect or create estoppel. Validation was refused because no material showed that the transaction served the company in liquidation or its creditors; mere payment of rent or renovation expenses was insufficient. en-us Sat, 17 Nov 1984 00:00:00 +0530 Wed, 08 Feb 2012 17:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101167 A disposition of company property made after commencement of winding up is void under section 536(2) unless the court validates it, so the official liquidator was entitled to recover possession. The plea of limitation under Article 59 of the Limitation Act failed because the challenge was to a void statutory disposition, not cancellation of a valid instrument, and acceptance of rent did not cure the defect or create estoppel. Validation was refused because no material showed that the transaction served the company in liquidation or its creditors; mere payment of rent or renovation expenses was insufficient. Case-Laws Companies Law Sat, 17 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101167