Petition Challenges Liquidator's Possession of Plot; Questions Transaction Validity Post-Winding-Up Order Per Legal Principles.

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Full Text of the Document

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....Petition praying the official liquidator be restrained from taking possession of the said plot - transaction itself is not bona-fide and in view of the settled legal position that a transaction not completed before the order of winding up has been passed, cannot be completed after the winding up order is passe - HC....