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Search Results for "Official Liquidator"

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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 Allows Transfer of Winding-Up Proceedings to NCLT Under Companies Act Section 434(1)(c) - Applicant Successfully Seeks Transfer for Corporate Insolvency Resolution Under IBC

3 Feb 2026

The Bombay High Court allowed the transfer of winding-up proceedings against Patheja Forgings & Auto Parts Manufacturing Ltd. to the National Comp...

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 Appeal Against Company Judge Order in Winding-Up Proceedings — Official Liquidator Authorized to Collect Rents from Tenants of Wound-Up Company. The Court held that the Official Liquidator is entitled to collect rents from tenants of the company in liquidation, and the appellant's claim for adjustment of rent against alleged dues was not maintainable without proper adjudication.

17 Sep 2025

The present Original Side Appeal (OSA) was filed under Section 483 of the Companies Act, 1956 read with Section 4 of the High Court of Karnataka Act, ...

Supreme Court

Supreme Court Allows Secured Creditor's Appeal in Customs Duty Priority Dispute Over Wound-Up Company's Hypothecated Goods. Held that customs authorities do not have priority over secured creditors under Section 529A of Companies Act, 1956 for sale of warehoused goods under Customs Act, 1962.

1 Sep 2023

The appeal by Industrial Development Bank of India (IDBI) challenged the judgment of the Andhra Pradesh High Court which held that customs authorities...

High Court

High Court of Karnataka Quashes Criminal Proceedings Against Former Directors in Companies Act Complaint — Complaint Barred by Limitation and Filed Without Mandatory Sanction. The court held that the complaint under Section 538(1)(c) of the Companies Act, 1956 was time-barred under Section 468 Cr.P.C. and lacked prior sanction under Section 538(3) of the Act, warranting quashing of proceedings.

23 Mar 2021

The present criminal petition was filed by Sri Avinash Subramanyam and Smt. Vani Sharma, former directors of M/s. Shimbu Imports and Exports (P) Ltd. ...

High Court

Bombay High Court Declares Sale of Company Property During Winding Up as Null and Void. Transfer of Leasehold Rights Without Court Permission Under Section 536(2) of Companies Act, 1956 Is Invalid.

5 Sep 2012

The Official Liquidator filed a report seeking directions regarding the property of Hindustan Transmission Products Ltd. (HTPL), which was in liquidat...

High Court

Bombay High Court Allows Writ Petition Challenging Property Tax Attachment After Auction Sale by Official Liquidator. Property purchased through auction by Official Liquidator cannot be attached by Municipal Corporation for pre-sale tax arrears under Section 146 of the Bombay Municipal Corporation Act, 1888.

16 Sep 2005

The petitioners, Anchor Health & Beauty Care Ltd. and Deepak & Co., purchased immovable property of M/s. Nihon Electronics Ltd. (in liquidation) throu...

High Court

Bombay High Court Allows Winding Up of Swadeshi Mills Co. Ltd. in Creditors' Petitions and BIFR Recommendation. Company declared unable to pay debts and commercially insolvent; winding up ordered under Sections 433(e) and 434 of the Companies Act, 1956.

5 Sep 2005

The judgment concerns multiple company petitions filed by creditors and the Board for Industrial and Financial Reconstruction (BIFR) seeking the windi...

High Court

Bombay High Court Dismisses Petition Challenging Appointment of Official Liquidator for Cooperative Society — No Violation of Natural Justice Found. Appointment of Official Liquidator under Section 103 of Maharashtra Cooperative Societies Act, 1960 upheld as statutory requirement of notice and hearing was satisfied.

30 Nov -0001

The petitioners, members of the Vita Cooperative Electric Supply Society Ltd., challenged the appointment of an Official Liquidator for the society an...

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