https://www.taxtmi.com/caselaws?id=755998 A limited factual inquiry was required to determine whether the disputed share transfers were completed before the prohibitory order and subsequent liquidation order, and whether consideration had been paid. The Delhi HC did not disturb the earlier order, but remanded the matter to the Company Court to ascertain the date of sale of the shares, the identity of the transferee, and whether each respondent had paid consideration through the broker. The dispute therefore remained confined to proof of timing, transfer completion, and payment, with no final determination on the validity of the transactions at this stage. en-us Tue, 28 May 2024 00:00:00 +0530 Thu, 25 Jul 2024 08:04:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755998 A limited factual inquiry was required to determine whether the disputed share transfers were completed before the prohibitory order and subsequent liquidation order, and whether consideration had been paid. The Delhi HC did not disturb the earlier order, but remanded the matter to the Company Court to ascertain the date of sale of the shares, the identity of the transferee, and whether each respondent had paid consideration through the broker. The dispute therefore remained confined to proof of timing, transfer completion, and payment, with no final determination on the validity of the transactions at this stage. Case-Laws Companies Law Tue, 28 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755998