https://www.taxtmi.com/caselaws?id=280819 A sale of company assets made after the commencement of winding up and in breach of the mandatory restrictions under the Companies Act and the SARFAESI sale rules is legally void, and subsequent steps cannot cure the defect. The text also states that such a void transaction may be examined for legal validity without a separate setting-aside application, and that company court jurisdiction remains available in the winding-up context alongside the SARFAESI framework. The stated effect is that the sale cannot confer enforceable rights, the secured creditor cannot insist on registration or enforcement of the transaction, and consequential relief may follow. en-us Mon, 22 Apr 2013 00:00:00 +0530 Wed, 22 May 2019 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280819 A sale of company assets made after the commencement of winding up and in breach of the mandatory restrictions under the Companies Act and the SARFAESI sale rules is legally void, and subsequent steps cannot cure the defect. The text also states that such a void transaction may be examined for legal validity without a separate setting-aside application, and that company court jurisdiction remains available in the winding-up context alongside the SARFAESI framework. The stated effect is that the sale cannot confer enforceable rights, the secured creditor cannot insist on registration or enforcement of the transaction, and consequential relief may follow. Case-Laws Companies Law Mon, 22 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280819