https://www.taxtmi.com/caselaws?id=398055 In a suit for specific performance, the commentary states that interim protection may be justified where the agreements of sale are admitted, the company's managing director executed the contracts and acknowledged advance consideration, and the claimant had no notice of any internal restriction on authority. It explains that the doctrine of indoor management protects third parties dealing with a company through its apparent authority, while alleged defects in internal resolutions, use of old stamp papers, or purchase of stamp papers in another State do not by themselves defeat prima facie relief. It also notes that pendente lite transfers to related parties may be treated as collusive and kept in suspense pending disposal of the suits. en-us Thu, 30 Jul 2020 00:00:00 +0530 Sat, 05 Sep 2020 12:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398055 In a suit for specific performance, the commentary states that interim protection may be justified where the agreements of sale are admitted, the company's managing director executed the contracts and acknowledged advance consideration, and the claimant had no notice of any internal restriction on authority. It explains that the doctrine of indoor management protects third parties dealing with a company through its apparent authority, while alleged defects in internal resolutions, use of old stamp papers, or purchase of stamp papers in another State do not by themselves defeat prima facie relief. It also notes that pendente lite transfers to related parties may be treated as collusive and kept in suspense pending disposal of the suits. Case-Laws Companies Law Thu, 30 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398055