https://www.taxtmi.com/caselaws?id=110373 An alleged oral agreement to sell company property was not enforceable where no board or general body resolution, ratification, or other corporate authority was proved. Alleged cash, draft, and cheque payments were rejected for want of receipts, account books, bank proof, or other contemporaneous documentary evidence, and adverse inference was drawn from non-production of the plaintiffs' records. As no concluded contract or proved payment was established, specific performance was refused, and the claims for refund and a charge over the property also failed. en-us Fri, 04 Feb 2005 00:00:00 +0530 Mon, 16 Apr 2012 14:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110373 An alleged oral agreement to sell company property was not enforceable where no board or general body resolution, ratification, or other corporate authority was proved. Alleged cash, draft, and cheque payments were rejected for want of receipts, account books, bank proof, or other contemporaneous documentary evidence, and adverse inference was drawn from non-production of the plaintiffs' records. As no concluded contract or proved payment was established, specific performance was refused, and the claims for refund and a charge over the property also failed. Case-Laws Companies Law Fri, 04 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110373