https://www.taxtmi.com/caselaws?id=459344 The court dismissed the application due to an excessive delay of nearly 20 years, lack of proper authorization, and the transaction's void status under both the Companies Act, 1956, and the Income Tax Act, 1961. The sale transaction, conducted during winding-up proceedings and under property attachment, lacked court validation and was deemed unauthorized and void. en-us Mon, 14 Oct 2013 00:00:00 +0530 Tue, 10 Dec 2024 17:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459344 The court dismissed the application due to an excessive delay of nearly 20 years, lack of proper authorization, and the transaction's void status under both the Companies Act, 1956, and the Income Tax Act, 1961. The sale transaction, conducted during winding-up proceedings and under property attachment, lacked court validation and was deemed unauthorized and void. Case-Laws Companies Law Mon, 14 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459344