https://www.taxtmi.com/caselaws?id=220909 A post-commencement disposition of company property may be validated only if it is a bona fide completed transaction and shown to be in the company's interests; an incomplete or unproven transfer after presentation of a winding-up petition was therefore not protected under section 536(2) of the Companies Act, 1956. Protection under section 53A of the Transfer of Property Act, 1882 was also unavailable because the alleged arrangement was unsupported by a written agreement with ascertainable terms. The analysis emphasises that an oral or incomplete transfer cannot be completed after a winding-up order, and that part-performance protection depends on documentary proof of the contract. en-us Fri, 11 Jan 2013 00:00:00 +0530 Wed, 13 Feb 2013 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220909 A post-commencement disposition of company property may be validated only if it is a bona fide completed transaction and shown to be in the company's interests; an incomplete or unproven transfer after presentation of a winding-up petition was therefore not protected under section 536(2) of the Companies Act, 1956. Protection under section 53A of the Transfer of Property Act, 1882 was also unavailable because the alleged arrangement was unsupported by a written agreement with ascertainable terms. The analysis emphasises that an oral or incomplete transfer cannot be completed after a winding-up order, and that part-performance protection depends on documentary proof of the contract. Case-Laws Companies Law Fri, 11 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220909