https://www.taxtmi.com/caselaws?id=234446 After winding up commences, any transfer of company property, execution of a decree, or continuation of proceedings without leave of the Company Court is void and unenforceable. A sale deed executed pursuant to an unauthorised ex parte decree was set aside because the underlying agreement had not been validly authorised by the company and post-winding up proceedings proceeded without court permission. An agreement to sell over the remaining property share could not be protected under part performance in the absence of a lawful contract and proper corporate authority. The limitation objection under Section 458A of the Companies Act, 1956 failed because it did not cure the absence of leave or validate void transactions. en-us Tue, 28 May 2013 00:00:00 +0530 Thu, 30 May 2013 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234446 After winding up commences, any transfer of company property, execution of a decree, or continuation of proceedings without leave of the Company Court is void and unenforceable. A sale deed executed pursuant to an unauthorised ex parte decree was set aside because the underlying agreement had not been validly authorised by the company and post-winding up proceedings proceeded without court permission. An agreement to sell over the remaining property share could not be protected under part performance in the absence of a lawful contract and proper corporate authority. The limitation objection under Section 458A of the Companies Act, 1956 failed because it did not cure the absence of leave or validate void transactions. Case-Laws Companies Law Tue, 28 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234446