https://www.taxtmi.com/caselaws?id=197950 A pre-winding-up transfer of company property was analysed as a bona fide sale for valuable consideration where board approval, substantial payment, and possession-related acts had occurred before the winding-up petition. On those facts, the transaction was treated as completed more than one year before the petition and was not characterised as a fraudulent preference or void transfer under the Companies Act. The related applications for consequential relief also failed because they depended on the same invalidity challenge. The transfer was therefore left undisturbed. en-us Tue, 31 May 2005 00:00:00 +0530 Thu, 18 Jan 2018 16:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197950 A pre-winding-up transfer of company property was analysed as a bona fide sale for valuable consideration where board approval, substantial payment, and possession-related acts had occurred before the winding-up petition. On those facts, the transaction was treated as completed more than one year before the petition and was not characterised as a fraudulent preference or void transfer under the Companies Act. The related applications for consequential relief also failed because they depended on the same invalidity challenge. The transfer was therefore left undisturbed. Case-Laws Indian Laws Tue, 31 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197950