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Search Results for "Liquidation"

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High Court

Bombay High Court Dismisses Appeal Against Official Liquidator's Report Seeking Declaration of Sale as Null and Void in Company Liquidation. Transfer of Leasehold Rights by Company in Liquidation Without Court Sanction Held Invalid Under Section 536(2) of Companies Act, 1956.

11 Jan 2013

The appeal arose from a judgment of the learned Company Judge allowing the Official Liquidator's report seeking a declaration that the sale of immovab...

High Court

High Court of Karnataka Reviews Order Directing Liquidator to Accept Sale Proceeds in Insolvency Case. Insolvency and Bankruptcy Board of India Challenges Writ Order Alleging Irregularities in Auction Process Under IBC.

15 Dec 2025

The review petition was filed by the Insolvency and Bankruptcy Board of India (IBBI) under Section 114 read with Order XLVII Rule 1 of the Code of Civ...

High Court

Bombay High Court Allows Official Liquidator's Application for Sale of Company Assets in Winding-Up — Rejection of Higher Non-Compliant Offer Upheld. Court holds that strict compliance with earnest money deposit conditions is essential under Rule 272 of the Companies (Court) Rules, 1959, and the Official Liquidator's decision to accept a lower but compliant offer is valid.

1 Dec 2025

The case involves an application by the Official Liquidator seeking approval for the sale of assets of M/s. Navinon Ltd. (In Liquidation) to the appli...

High Court

High Court of Karnataka Dismisses Application for Cooperation in Katha Transfer by Purchaser of Company Property — Sale Deed Executed After Filing of Winding-Up Petition Challenged Under Sections 536 and 537 of Companies Act, 1956. The official liquidator opposed transfer on ground of void sale, but the final outcome is not recorded in the extracted text.

14 Mar 2025

The case involved a Company Application before the High Court of Karnataka filed by a purchaser of real estate from a company under liquidation. The a...

High Court

Bombay High Court Validates Property Transactions Under Section 536(2) of Companies Act, 1956 Despite Winding-Up Order — Bona Fide Purchaser Without Notice. Court Holds That Post-Petition Dispositions Can Be Validated If Made in Ordinary Course of Business and for Adequate Consideration, Directing Sale Proceeds to Be Deposited With Official Liquidator.

4 May 2026

The case involves an Interim Application filed by M.M. Styles Private Limited seeking validation of two property transactions under Section 536(2) of ...

High Court

High Court Permits Official Liquidator to Break Open Lock and Take Physical Possession of Company Premises Despite Collusive Tenancy Decrees Obtained After Winding Up Without Leave Under Section 446 Companies Act, 1956. The court held that decrees obtained without leave under Section 446 are void and the Official Liquidator is entitled to possession.

30 Aug 2019

The Official Liquidator filed a report seeking permission to break open the lock put by the ex-management of J.B. Diamonds Limited (in liquidation) an...

Supreme Court

Supreme Court Dismisses Auction Purchaser's Appeal in Company Liquidation Sale Confirmation Dispute — Sale Set Aside Due to Inadequate Publicity Under Rule 273. Court Holds That Confirmation of Sale by Company Court Requires Independent Judicial Satisfaction of Adequacy of Price, and Auction Confined to Two Bidders Without Public Notice Is Not a Valid Public Auction.

27 Oct 1969

The dispute arose from the winding up of Hyderabad Vegetable Products Co. Ltd., where the Official Liquidator and a shareholder applied to the Company...

High Court

Bombay High Court Allows Landlord's Application for Possession of Tenanted Premises from Official Liquidator in Company Liquidation — Tenancy Rights Not Assets Under Section 446 of Companies Act, 1956. Monthly tenancy rights do not constitute assets of the company in liquidation; the Company Court can direct handover of possession where the Official Liquidator's need is not genuine.

12 Mar 2025

The applicants, as landlords of Flat Nos. 4 and 5 in Jaitirath Mansion, Barrack Road, Mumbai, filed an application under Section 446 of the Companies ...

Supreme Court

Supreme Court Clarifies Law on Dividend in Liquidation Under Section 2(6A)(c) of Income-tax Act, 1922. Distribution on Liquidation Attributed to Accumulated Profits to be Determined on the Basis of Accumulated Profits Immediately Before Liquidation.

7 Oct 1966

The respondent company was placed under voluntary winding up by resolution dated August 23, 1952. Its paid-up capital was Rs. 25 lakhs and accumulated...

High Court

Bombay High Court Allows Possession Claim by Lessee in Company Liquidation — Official Liquidator Directed to Hand Over Property Subject to Lease. Leasehold Rights Survive Winding Up and Official Liquidator Must Respect Lessee's Right to Possession Under Section 456 of Companies Act, 1956.

23 Jun 2017

The Provident Investment Company Ltd., a Government of Madhya Pradesh undertaking, filed an application seeking possession of leasehold land admeasuri...

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