https://www.taxtmi.com/caselaws?id=108565 The court determined that the transactions on April 9, 1992, and April 29, 1992, constituted a ready forward transaction. The delivery of additional shares on May 13, 1992, was deemed a sale and appropriation. The court held that the delivery of shares was a completed transfer of property in favor of ABFL, entitling them to transfer and sell the shares. The final order directed parties to validate transfer forms, credited M/s. V.B. Desai, settled claims between parties, and granted liberty to ABFL for further steps. The petition was decreed with no costs. en-us Fri, 01 Nov 2002 00:00:00 +0530 Mon, 02 Apr 2012 16:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108565 The court determined that the transactions on April 9, 1992, and April 29, 1992, constituted a ready forward transaction. The delivery of additional shares on May 13, 1992, was deemed a sale and appropriation. The court held that the delivery of shares was a completed transfer of property in favor of ABFL, entitling them to transfer and sell the shares. The final order directed parties to validate transfer forms, credited M/s. V.B. Desai, settled claims between parties, and granted liberty to ABFL for further steps. The petition was decreed with no costs. Case-Laws Companies Law Fri, 01 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108565