Search Results for "Section 37(1) protection"

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Supreme Court Allows Appeal in Provincial Insolvency Act Case Regarding Validity of Official Receiver's Sale Deed. Annulment Under Section 35 Restores Insolvent's Rights, and Section 37(1) Does Not Save Transfer Deed Executed Without Co-owner's Consent.

The matter arose from a dispute over a share in a partnership firm M/s Gavisiddheshwara & Co., originally constituted on 28.06.1963 by two persons and...

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KAHC010366622012_1

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Supreme Court Allows Workman's Appeal on Distribution of Company Assets in Liquidation. Holds that Secured Creditors Have Pari Passu Charge Only Over Properties Specifically Charged, Not All Assets; Workmen Have Priority for Uncharged Properties Under Sections 529 and 529A Companies Act, 1956.

The dispute arose from the winding up of U.M.I. Special Steel Limited, a company registered under the Companies Act, 1956. The company became sick, an...