https://www.taxtmi.com/caselaws?id=340190 A sanctioned demerger scheme and the subsequent share purchase agreement shifted the relevant business liabilities and pending proceedings to the transferee, so execution could not continue against ITDC merely because the decree had earlier been pursued in its name. The disclosed arbitration dispute and other outstanding liabilities formed part of the transaction record, and the purchaser could not avoid that position by alleging surreptitious insertion of terms while retaining the contract. The order discharging ITDC from liability under the decree was therefore upheld, and the challenge failed. en-us Thu, 16 Feb 2017 00:00:00 +0530 Wed, 15 Mar 2017 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340190 A sanctioned demerger scheme and the subsequent share purchase agreement shifted the relevant business liabilities and pending proceedings to the transferee, so execution could not continue against ITDC merely because the decree had earlier been pursued in its name. The disclosed arbitration dispute and other outstanding liabilities formed part of the transaction record, and the purchaser could not avoid that position by alleging surreptitious insertion of terms while retaining the contract. The order discharging ITDC from liability under the decree was therefore upheld, and the challenge failed. Case-Laws Companies Law Thu, 16 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340190