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Companies Law - Highlights / Catch Notes

Home Highlights January 2022 Year 2022 This

Validity of transaction entered into by the applicant with the ...

Case Laws     Companies Law

January 24, 2022

Validity of transaction entered into by the applicant with the company in liquidation - It cannot be said that the applicant has entered into transaction of purchase of sale of the assets of the company without good faith or bona fide intention, more particularly, when the applicant has deposited the entire sale consideration with DENA bank with whom the property which was purchased by the applicant was mortgaged - HC

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