Home Case Index All Cases Companies Law Companies Law + HC Companies Law - 2012 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (8) TMI 322 - HC - Companies LawWinding up - appellant claims to have entered into an agreement with the Company in liquidation for purchase of land – Held that:- Agreement to sell relied on by the appellant was of a date after the filing of the winding up petition and was thus unenforceable under Sections 531 & 531A of the Act - the ignorance, even if any of the appellant, of the pendency of the winding up petition was of no avail and would not validate the transaction in question - appellant, in the absence of any valid agreement can neither seek a direction to the Official Liquidator nor will any purpose be served in granting permission to the appellant to sue the Company in liquidation – appeal dismissed
|