https://www.taxtmi.com/caselaws?id=469312 Statutory vesting under a sanctioned demerger scheme transferred shares connected with the transferred business to the resulting company by operation of law, without further instrument or deed. Subsequent claims that the shares were extinguished, repurchased, or transferred back could not displace that vesting without reliable documentary support. Inconsistent positions, disputed share records and certificates, unsupported board resolutions, and lack of proof of payment failed to establish a valid reversal of title. The liquidator was therefore entitled to recover the shares as assets of the corporate debtor. en-us Thu, 21 Aug 2025 00:00:00 +0530 Sat, 13 Jun 2026 21:16:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469312 Statutory vesting under a sanctioned demerger scheme transferred shares connected with the transferred business to the resulting company by operation of law, without further instrument or deed. Subsequent claims that the shares were extinguished, repurchased, or transferred back could not displace that vesting without reliable documentary support. Inconsistent positions, disputed share records and certificates, unsupported board resolutions, and lack of proof of payment failed to establish a valid reversal of title. The liquidator was therefore entitled to recover the shares as assets of the corporate debtor. Case-Laws IBC Thu, 21 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469312