https://www.taxtmi.com/caselaws?id=270968 The court dismissed the application by the applicant, who claimed to be a bona-fide purchaser of a plot in a liquidation case. The court found discrepancies in the applicant's claim, especially regarding the Deed of Assignment and the timing of transactions post liquidation order. The Deed of Assignment signed after the liquidation order was deemed void, and the court emphasized the need for bona-fide transactions in the Company's interest. Precedents from previous judgments were cited to support the decision that incomplete transactions post liquidation orders cannot be validated. en-us Mon, 21 Dec 2015 00:00:00 +0530 Fri, 22 Jan 2016 09:53:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270968 The court dismissed the application by the applicant, who claimed to be a bona-fide purchaser of a plot in a liquidation case. The court found discrepancies in the applicant's claim, especially regarding the Deed of Assignment and the timing of transactions post liquidation order. The Deed of Assignment signed after the liquidation order was deemed void, and the court emphasized the need for bona-fide transactions in the Company's interest. Precedents from previous judgments were cited to support the decision that incomplete transactions post liquidation orders cannot be validated. Case-Laws Companies Law Mon, 21 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270968