https://www.taxtmi.com/caselaws?id=794373 A Delhi HC note records that a review challenge to directions for release of plots failed because the reviewing applicant was neither a party to the original proceedings nor otherwise shown to have independent locus standi; the attempt was treated as a proxy effort to reopen settled issues, and the review was dismissed. On the merits, the purchasers' registered sale deeds, consideration paid over time, and verified bona fide status supported release of the plots. The Court treated the absence of material for fraudulent preference, the authorised execution of deeds, prior final orders in favour of similarly placed buyers, and the Official Liquidator's no-objection as decisive. The RBI prohibition order was held not to defeat completed transfers to bona fide purchasers. en-us Wed, 01 Jul 2026 00:00:00 +0530 Sat, 04 Jul 2026 08:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794373 A Delhi HC note records that a review challenge to directions for release of plots failed because the reviewing applicant was neither a party to the original proceedings nor otherwise shown to have independent locus standi; the attempt was treated as a proxy effort to reopen settled issues, and the review was dismissed. On the merits, the purchasers' registered sale deeds, consideration paid over time, and verified bona fide status supported release of the plots. The Court treated the absence of material for fraudulent preference, the authorised execution of deeds, prior final orders in favour of similarly placed buyers, and the Official Liquidator's no-objection as decisive. The RBI prohibition order was held not to defeat completed transfers to bona fide purchasers. Case-Laws Companies Law Wed, 01 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794373