https://www.taxtmi.com/caselaws?id=262176 The High Court validated the pledge of shares and their subsequent transfer, deeming them bona fide and in the interest of the company under Section 536(2) of the Companies Act, 1956. The objections of the Official Liquidator were dismissed, and the Company Application was granted, vacating the status quo order and disposing of the Official Liquidator's Report with no costs awarded. en-us Wed, 22 Jul 2015 00:00:00 +0530 Mon, 03 Aug 2015 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262176 The High Court validated the pledge of shares and their subsequent transfer, deeming them bona fide and in the interest of the company under Section 536(2) of the Companies Act, 1956. The objections of the Official Liquidator were dismissed, and the Company Application was granted, vacating the status quo order and disposing of the Official Liquidator's Report with no costs awarded. Case-Laws Companies Law Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262176