https://www.taxtmi.com/caselaws?id=417447 The court validated a transaction under Section 536(2) of the Companies Act, 1956, ruling that it was not affected by Sections 531 and 531-A. The sale of assets of the company in liquidation was approved, with the applicant acting in good faith and making a bona fide purchase. The court found the transaction legal and valid, directing the Official Liquidator not to take possession of the properties listed in the sale deed. en-us Wed, 01 Dec 2021 00:00:00 +0530 Mon, 24 Jan 2022 08:50:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417447 The court validated a transaction under Section 536(2) of the Companies Act, 1956, ruling that it was not affected by Sections 531 and 531-A. The sale of assets of the company in liquidation was approved, with the applicant acting in good faith and making a bona fide purchase. The court found the transaction legal and valid, directing the Official Liquidator not to take possession of the properties listed in the sale deed. Case-Laws Companies Law Wed, 01 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417447