https://www.taxtmi.com/caselaws?id=127003 The court found that land sales by the company during winding-up proceedings were deemed null and void under Sections 536 and 537 of the Companies Act, 1956, as they were not bona fide and intended to defraud the company. Individuals acting on behalf of the company were found to have engaged in fraudulent transactions. The court set aside the sale deeds, dismissed the application to vacate the injunction order, and directed criminal prosecution for the fraudulent transactions. en-us Fri, 17 Sep 2010 00:00:00 +0530 Wed, 25 Dec 2019 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127003 The court found that land sales by the company during winding-up proceedings were deemed null and void under Sections 536 and 537 of the Companies Act, 1956, as they were not bona fide and intended to defraud the company. Individuals acting on behalf of the company were found to have engaged in fraudulent transactions. The court set aside the sale deeds, dismissed the application to vacate the injunction order, and directed criminal prosecution for the fraudulent transactions. Case-Laws Benami Property Fri, 17 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127003