https://www.taxtmi.com/caselaws?id=368154 The High Court allowed the appeal by the State of Madhya Pradesh, ruling that the land leased to J.C. Mills should revert to the State upon the company's winding up. It was held that the lessee and subsequent transferees did not have absolute ownership rights over the land, and the official liquidator could not auction the property. The cross-objection by Harshit Textiles was dismissed as inadmissible. No costs were awarded in the appeal. en-us Fri, 28 Sep 2018 00:00:00 +0530 Wed, 03 Oct 2018 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368154 The High Court allowed the appeal by the State of Madhya Pradesh, ruling that the land leased to J.C. Mills should revert to the State upon the company's winding up. It was held that the lessee and subsequent transferees did not have absolute ownership rights over the land, and the official liquidator could not auction the property. The cross-objection by Harshit Textiles was dismissed as inadmissible. No costs were awarded in the appeal. Case-Laws Companies Law Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368154