https://www.taxtmi.com/caselaws?id=113807 The court declared the sale deeds executed in favor of certain parties as void against the official liquidator, citing violations of the Companies Act, 1956. The transactions were deemed not in the ordinary course of business, falling under Section 531A. The court upheld that the sale of land was ultra vires the company's memorandum of association. The burden of proof was successfully discharged by the official liquidator, leading to the invalidation of the sale deeds. en-us Fri, 19 Feb 2010 00:00:00 +0530 Wed, 15 Oct 2014 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113807 The court declared the sale deeds executed in favor of certain parties as void against the official liquidator, citing violations of the Companies Act, 1956. The transactions were deemed not in the ordinary course of business, falling under Section 531A. The court upheld that the sale of land was ultra vires the company's memorandum of association. The burden of proof was successfully discharged by the official liquidator, leading to the invalidation of the sale deeds. Case-Laws Companies Law Fri, 19 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113807