https://www.taxtmi.com/caselaws?id=299256 The application for validation of a transaction under section 536(2) of the Companies Act, 1956 was dismissed by the Supreme Court due to lack of bona fides and inadequacy of consideration. The Court found the transaction to be disadvantageous to other creditors and ordered the Official Liquidator to reclaim the property from the applicant. en-us Fri, 20 Sep 2013 00:00:00 +0530 Wed, 08 Dec 2021 14:26:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299256 The application for validation of a transaction under section 536(2) of the Companies Act, 1956 was dismissed by the Supreme Court due to lack of bona fides and inadequacy of consideration. The Court found the transaction to be disadvantageous to other creditors and ordered the Official Liquidator to reclaim the property from the applicant. Case-Laws Companies Law Fri, 20 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299256