https://www.taxtmi.com/caselaws?id=113825 The appeal was dismissed, and the Court upheld the attachment order dated 21-4-2007. The Court found that the transaction involving the subject plot could not be validated under Section 536(2) of the Companies Act, 1956. The Court emphasized the importance of protecting the assets of the company in liquidation for the benefit of its creditors and ensuring the proper conduct of winding-up proceedings. en-us Wed, 03 Mar 2010 00:00:00 +0530 Tue, 14 Oct 2014 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113825 The appeal was dismissed, and the Court upheld the attachment order dated 21-4-2007. The Court found that the transaction involving the subject plot could not be validated under Section 536(2) of the Companies Act, 1956. The Court emphasized the importance of protecting the assets of the company in liquidation for the benefit of its creditors and ensuring the proper conduct of winding-up proceedings. Case-Laws Companies Law Wed, 03 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113825