https://www.taxtmi.com/caselaws?id=429332 Where a contract for sale reserves ownership in the seller until full payment, title does not pass merely on delivery of the bill of lading. The document explains that a bill of lading is a document of title, but its effect depends on the parties' intention and the payment condition in the purchase orders and invoices. Because the balance price remained unpaid, the transaction was treated as an agreement to sell, and the seller retained title and the rights of an unpaid seller. Goods not owned by the corporate debtor cannot be treated as its assets in resolution, so the equipment had to be returned to the seller, while the separate claim for usage charges was rejected. en-us Fri, 21 Oct 2022 00:00:00 +0530 Sat, 22 Oct 2022 10:04:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429332 Where a contract for sale reserves ownership in the seller until full payment, title does not pass merely on delivery of the bill of lading. The document explains that a bill of lading is a document of title, but its effect depends on the parties' intention and the payment condition in the purchase orders and invoices. Because the balance price remained unpaid, the transaction was treated as an agreement to sell, and the seller retained title and the rights of an unpaid seller. Goods not owned by the corporate debtor cannot be treated as its assets in resolution, so the equipment had to be returned to the seller, while the separate claim for usage charges was rejected. Case-Laws Insolvency and Bankruptcy Fri, 21 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429332