Oral Agreement Invalid for Property Transfer Before Winding-Up Order, Says High Court Under Companies Law Section 536(2).

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Liquidation - Transfer of property - Oral agreement - no disposition of the property before the order of winding-up - discretion u/s 536(2) cannot hence be exercised to protect or save such a transaction - HC....