https://www.taxtmi.com/caselaws?id=111702 The court validated the land transfers made by a company in the process of winding up, confirming the transactions were bona fide and in the ordinary course of business. The Official Liquidator's objections were dismissed due to lack of evidence, emphasizing the liquidator's duty to verify company records. The court clarified that the attachment of land by the Tax Recovery Officer did not affect the validation under Section 536(2) of the Companies Act. The applicants' requests were granted, and they were directed to maintain copies of the judgment. en-us Tue, 14 Jun 2005 00:00:00 +0530 Tue, 24 Apr 2012 17:42:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111702 The court validated the land transfers made by a company in the process of winding up, confirming the transactions were bona fide and in the ordinary course of business. The Official Liquidator's objections were dismissed due to lack of evidence, emphasizing the liquidator's duty to verify company records. The court clarified that the attachment of land by the Tax Recovery Officer did not affect the validation under Section 536(2) of the Companies Act. The applicants' requests were granted, and they were directed to maintain copies of the judgment. Case-Laws Companies Law Tue, 14 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111702