https://www.taxtmi.com/caselaws?id=768201 Bombay HC dismissed applicant's interim application seeking validation of sale agreement dated 29th May 2017 under Section 536(2) of Companies Act, 1956. Court held the sale agreement was incomplete and inchoate as applicant failed to pay stamp duty and registration charges despite being contractually obligated as transferee. The document remained unregistered, making it incapable of validation. Court accepted official liquidator's contention that applicant had nexus with company's former management and could not feign ignorance about pending winding up proceedings. Official liquidator's report directing applicant to surrender property possession was allowed. en-us Fri, 21 Mar 2025 00:00:00 +0530 Thu, 03 Apr 2025 07:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768201 Bombay HC dismissed applicant's interim application seeking validation of sale agreement dated 29th May 2017 under Section 536(2) of Companies Act, 1956. Court held the sale agreement was incomplete and inchoate as applicant failed to pay stamp duty and registration charges despite being contractually obligated as transferee. The document remained unregistered, making it incapable of validation. Court accepted official liquidator's contention that applicant had nexus with company's former management and could not feign ignorance about pending winding up proceedings. Official liquidator's report directing applicant to surrender property possession was allowed. Case-Laws Companies Law Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768201