https://www.taxtmi.com/caselaws?id=305882 The Court approved the property transaction under Section 536(2) of the Companies Act due to a settlement between the parties and creditors. The settlement led to the withdrawal of winding-up petitions and resolution of dues with statutory and secured creditors. The Court granted the relief sought in the application without adjudicating the issues on merits, approving bills and expenses incurred and directing reimbursement from the deposited amount. The application was disposed of based on the settlement, allowing parties not part of the settlement to seek recourse if affected by the order. en-us Tue, 22 Feb 2005 00:00:00 +0530 Wed, 28 Dec 2022 14:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305882 The Court approved the property transaction under Section 536(2) of the Companies Act due to a settlement between the parties and creditors. The settlement led to the withdrawal of winding-up petitions and resolution of dues with statutory and secured creditors. The Court granted the relief sought in the application without adjudicating the issues on merits, approving bills and expenses incurred and directing reimbursement from the deposited amount. The application was disposed of based on the settlement, allowing parties not part of the settlement to seek recourse if affected by the order. Case-Laws Companies Law Tue, 22 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305882