https://www.taxtmi.com/caselaws?id=110137 The court concluded that the transaction between the applicant and the company in liquidation was bona fide, emphasizing that the term "void" in section 536(2) of the Companies Act, 1956, does not automatically render such transactions null and void. The court held that bona fide transactions should not be declared void, especially when supported by evidence such as registered loan agreements and mortgage deeds. As a result, the court allowed the application and directed the Official Liquidator to deliver possession of the property to the applicant. en-us Tue, 09 Aug 2005 00:00:00 +0530 Fri, 13 Apr 2012 18:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110137 The court concluded that the transaction between the applicant and the company in liquidation was bona fide, emphasizing that the term "void" in section 536(2) of the Companies Act, 1956, does not automatically render such transactions null and void. The court held that bona fide transactions should not be declared void, especially when supported by evidence such as registered loan agreements and mortgage deeds. As a result, the court allowed the application and directed the Official Liquidator to deliver possession of the property to the applicant. Case-Laws Companies Law Tue, 09 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110137