https://www.taxtmi.com/caselaws?id=213402 The Court ruled in favor of the applicant in the Company Application, declaring that the applicant is not liable for the outstanding dues of respondent No. 2 related to assets purchased from a company in liquidation. The Court directed the removal of charges and liens from the revenue records, ensuring the applicant's ownership rights over the purchased properties. It was established that the auction purchaser should not bear liabilities from the pre-liquidation period, and respondent No. 2 could not claim priority for their outstanding amounts in the liquidation process. en-us Thu, 03 Mar 2011 00:00:00 +0530 Sun, 20 May 2012 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213402 The Court ruled in favor of the applicant in the Company Application, declaring that the applicant is not liable for the outstanding dues of respondent No. 2 related to assets purchased from a company in liquidation. The Court directed the removal of charges and liens from the revenue records, ensuring the applicant's ownership rights over the purchased properties. It was established that the auction purchaser should not bear liabilities from the pre-liquidation period, and respondent No. 2 could not claim priority for their outstanding amounts in the liquidation process. Case-Laws Companies Law Thu, 03 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213402