https://www.taxtmi.com/caselaws?id=198392 The Court affirmed its jurisdiction to validate the sale of shares post winding-up order under Section 536(2) of the Companies Act. It held that such validation is permissible until the company's dissolution. The Court found the applicant's actions bona fide, aimed at reviving the company, and validated the share transfer, dismissing objections by the Liquidator and secured creditors. The Court granted the requested relief, safeguarding the applicant's transactions for the company's benefit. en-us Wed, 31 Oct 2012 00:00:00 +0530 Tue, 30 Jan 2018 15:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198392 The Court affirmed its jurisdiction to validate the sale of shares post winding-up order under Section 536(2) of the Companies Act. It held that such validation is permissible until the company's dissolution. The Court found the applicant's actions bona fide, aimed at reviving the company, and validated the share transfer, dismissing objections by the Liquidator and secured creditors. The Court granted the requested relief, safeguarding the applicant's transactions for the company's benefit. Case-Laws Companies Law Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198392