https://www.taxtmi.com/caselaws?id=299253 A post-petition transfer in winding up is not automatically void ab initio under Section 536(2) of the Companies Act, 1956, because the Court retains power to validate the transaction. Where the auction sale of company property had already been challenged in writ proceedings and that sale had attained finality, the Official Liquidator could not reopen the concluded issue or seek cancellation again. The prior judicial determination and the application of sale proceeds toward company liabilities supported rejection of the later challenge. en-us Tue, 26 Mar 2013 00:00:00 +0530 Wed, 08 Dec 2021 13:19:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299253 A post-petition transfer in winding up is not automatically void ab initio under Section 536(2) of the Companies Act, 1956, because the Court retains power to validate the transaction. Where the auction sale of company property had already been challenged in writ proceedings and that sale had attained finality, the Official Liquidator could not reopen the concluded issue or seek cancellation again. The prior judicial determination and the application of sale proceeds toward company liabilities supported rejection of the later challenge. Case-Laws Companies Law Tue, 26 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299253