https://www.taxtmi.com/caselaws?id=113038 Disposition of company property after commencement of winding up was void under section 536(2) of the Companies Act, 1956 unless the Court otherwise ordered, and the alleged lease arrangements were not shown to be for the company's benefit or the interest of stakeholders. The rent note and supplementary agreement, executed with knowledge of the pending winding up, were treated as unnatural and suspicious, supported by questionable stamp papers, and structured to avoid registration while creating extended rights over the premises. The later sponsorship arrangement did not confer any right of occupation and, at most, gave rise to a creditor's claim. Acceptance of rent or compensation could not validate the transaction, and no lawful right to retain possession was established. en-us Mon, 02 Jun 2008 00:00:00 +0530 Sat, 06 Dec 2014 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113038 Disposition of company property after commencement of winding up was void under section 536(2) of the Companies Act, 1956 unless the Court otherwise ordered, and the alleged lease arrangements were not shown to be for the company's benefit or the interest of stakeholders. The rent note and supplementary agreement, executed with knowledge of the pending winding up, were treated as unnatural and suspicious, supported by questionable stamp papers, and structured to avoid registration while creating extended rights over the premises. The later sponsorship arrangement did not confer any right of occupation and, at most, gave rise to a creditor's claim. Acceptance of rent or compensation could not validate the transaction, and no lawful right to retain possession was established. Case-Laws Companies Law Mon, 02 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113038