https://www.taxtmi.com/caselaws?id=787503 Validation under Section 536(2) of the Companies Act was applied to post-petition assignments of project work where the court exercised equitable discretion and found the 2019 Agreements were bona fide, fair and necessary to transfer liabilities, enable completion of the Jigaon Project and protect joint venture and public interests; consequently the agreements were validated. Insufficiency of stamp duty was treated as an admissibility/curable defect not fatal to validation where documents were acted upon. Objections about departmental approval did not preclude internal JV arrangements being validated when they advanced the company's, creditors' and public interest. Interim relief was allowed and specified OL prayers rejected. en-us Fri, 06 Feb 2026 00:00:00 +0530 Sat, 07 Mar 2026 08:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787503 Validation under Section 536(2) of the Companies Act was applied to post-petition assignments of project work where the court exercised equitable discretion and found the 2019 Agreements were bona fide, fair and necessary to transfer liabilities, enable completion of the Jigaon Project and protect joint venture and public interests; consequently the agreements were validated. Insufficiency of stamp duty was treated as an admissibility/curable defect not fatal to validation where documents were acted upon. Objections about departmental approval did not preclude internal JV arrangements being validated when they advanced the company's, creditors' and public interest. Interim relief was allowed and specified OL prayers rejected. Case-Laws Companies Law Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787503