https://www.taxtmi.com/caselaws?id=103016 The court affirmed its jurisdiction to issue directions for the sale of a company's assets, including leasehold rights, under section 457(1)(c) of the Companies Act, 1956. It clarified that a previous order did not require payment of a differential premium for the transfer. The court validated the transfer and directed the execution of the transfer deed, rejecting claims of circumvention. Instead of a demanded differential premium, the court mandated payment of a standard transfer fee. Conditions were imposed for compliance with transfer guidelines, including executing the transfer deed promptly and maintaining a holding-subsidiary relationship. en-us Thu, 23 Nov 1995 00:00:00 +0530 Mon, 20 Feb 2012 12:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103016 The court affirmed its jurisdiction to issue directions for the sale of a company's assets, including leasehold rights, under section 457(1)(c) of the Companies Act, 1956. It clarified that a previous order did not require payment of a differential premium for the transfer. The court validated the transfer and directed the execution of the transfer deed, rejecting claims of circumvention. Instead of a demanded differential premium, the court mandated payment of a standard transfer fee. Conditions were imposed for compliance with transfer guidelines, including executing the transfer deed promptly and maintaining a holding-subsidiary relationship. Case-Laws Companies Law Thu, 23 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103016