https://www.taxtmi.com/caselaws?id=300819 A lease restricting assignment without the lessor's prior consent made an unapproved transfer legally defective, because the Official Liquidator could not convey better title than the company in liquidation and a purchaser was expected to enquire into title. The Court nevertheless treated the completed sale as capable of regularisation rather than being set aside, holding that ex post facto permission could validate the transaction. The compensation demanded for clearing the title and granting consent was to be shared equally between the Official Liquidator and the purchaser, reflecting their shared responsibility for the defective transfer. en-us Wed, 20 Apr 2011 00:00:00 +0530 Tue, 18 Apr 2023 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300819 A lease restricting assignment without the lessor's prior consent made an unapproved transfer legally defective, because the Official Liquidator could not convey better title than the company in liquidation and a purchaser was expected to enquire into title. The Court nevertheless treated the completed sale as capable of regularisation rather than being set aside, holding that ex post facto permission could validate the transaction. The compensation demanded for clearing the title and granting consent was to be shared equally between the Official Liquidator and the purchaser, reflecting their shared responsibility for the defective transfer. Case-Laws Companies Law Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300819