https://www.taxtmi.com/caselaws?id=113357 Assigned land protected by the Andhra Pradesh Assigned Lands (Prohibition of Transfer) Act, 1977 could not be sold through company liquidation because the statutory bar on transfer was treated as absolute and prevailing over the Companies Act process. Silence or delay by the State did not validate the prohibited alienation, and a condition to deposit money with the State could not cure the illegality. The auction and sale of the assigned land were therefore invalid and void ab initio, while liquidation could proceed only in respect of any other assets not covered by the statutory prohibition. en-us Mon, 19 Apr 2010 00:00:00 +0530 Fri, 10 Oct 2014 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113357 Assigned land protected by the Andhra Pradesh Assigned Lands (Prohibition of Transfer) Act, 1977 could not be sold through company liquidation because the statutory bar on transfer was treated as absolute and prevailing over the Companies Act process. Silence or delay by the State did not validate the prohibited alienation, and a condition to deposit money with the State could not cure the illegality. The auction and sale of the assigned land were therefore invalid and void ab initio, while liquidation could proceed only in respect of any other assets not covered by the statutory prohibition. Case-Laws Companies Law Mon, 19 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113357