https://www.taxtmi.com/caselaws?id=243616 The court dismissed Achyut Kumar Sharma's application, imposing costs of Rs. 25,000/- to be deposited in the account of the company in liquidation within two weeks. The court found Sharma's claims lacked credibility and evidence, deeming him a nominal owner of the land in question, which was determined to belong to the company in liquidation. The court concluded that Sharma's actions appeared to be delaying tactics, emphasizing his failure to establish the source of funds and the possession of title deeds by another party. en-us Thu, 28 Nov 2013 00:00:00 +0530 Thu, 06 Feb 2014 07:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243616 The court dismissed Achyut Kumar Sharma's application, imposing costs of Rs. 25,000/- to be deposited in the account of the company in liquidation within two weeks. The court found Sharma's claims lacked credibility and evidence, deeming him a nominal owner of the land in question, which was determined to belong to the company in liquidation. The court concluded that Sharma's actions appeared to be delaying tactics, emphasizing his failure to establish the source of funds and the possession of title deeds by another party. Case-Laws Companies Law Thu, 28 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243616