https://www.taxtmi.com/caselaws?id=110906 After appointment of a provisional liquidator, proceedings against the company could not validly continue to binding decrees without leave of the Company Court, and decrees obtained without disclosure to the Official Liquidator were treated as invalid against the liquidation estate. The article also notes that alleged flat transfers based on disputed documents, cash consideration, and unverified approvals did not prima facie appear genuine. The intervenors' failure to produce directed tax records and source-of-funds affidavits justified an adverse inference. Possession was therefore restored to the Official Liquidator, while the intervenors remained free to establish any genuine title through proper proceedings before the Company Court. en-us Mon, 04 Jul 2005 00:00:00 +0530 Thu, 19 Apr 2012 11:20:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110906 After appointment of a provisional liquidator, proceedings against the company could not validly continue to binding decrees without leave of the Company Court, and decrees obtained without disclosure to the Official Liquidator were treated as invalid against the liquidation estate. The article also notes that alleged flat transfers based on disputed documents, cash consideration, and unverified approvals did not prima facie appear genuine. The intervenors' failure to produce directed tax records and source-of-funds affidavits justified an adverse inference. Possession was therefore restored to the Official Liquidator, while the intervenors remained free to establish any genuine title through proper proceedings before the Company Court. Case-Laws Companies Law Mon, 04 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110906