2003 (3) TMI 530

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.... and Ms. B. Vijaya Lakshmi Menon for the Petitioner. M. Ravindran, H. Banerjee, V. Ramasubramanian and Senthil Jagdesan for the Respondent. ORDER 1. Heard learned counsel for the parties. 2. The first respondent as an administrator of a company under winding-up proceedings before the Company Judge had filed Company Application No. 260/02 in Company Petition No. 130 of 1990 seeking a direc....

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....ng aggrieved, preferred an appeal to the Appellate Bench of the High Court at Madras in O.S.A. No. 269 of 2002. It is seen from the impugned judgment that the High Court confirmed the directions issued by the learned Single Judge. Based on the consent of parties, it noted in its impugned order : "Learned Counsel for the Appellant as well as the Administrator and the Learned Counsel of the Lesse....

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....tioner from the property. 6. From the order of the learned Company Judge, we notice that after discussing the material on record he has held that the transactions in favour of the petitioner herein in regard to the property in question do not have any legal sanctity and that the same were entered into one year after institution of the Company Petition, hence, that is liable to be struck down un....