JUDGMENT :

(Prayer in COMP.A.NO.150 of 2019: This Application is filed under Section 460(4), 536 & 537 of the Companies Act, 1956 r/w the Rules 9 and 11(b) of the Companies (Court) Rules, 1959 to take this report on record; To cancel the sale transactions of the landed properties of the company in liquidation during winding up proceedings as stated in para 8 of the report and declare the sale is void in terms of Section 536 and 537 of the Companies Act; To direct the Respondents 6 and 7 herein to cancel the sale transaction of the above said landed properties of the company in liquidation during the winding up proceedings as stated in para 8 of this report and to direct that the cost of this application do come out of the funds of the company in liquidation.

COMP.A.NO.395 of 2019: This Application is filed under Order XIV Rule 8 of the original side rules r/w Rules 9 and 11(b) of the Companies (Court) Rules, 1959 to validate the sale deeds registered with respective Sub Registrars as mentioned in the schedule of property.)

1. C.A.No.150 of 2019 was filed by the Official Liquidator to cancel specific sale transactions pertaining to the immovable properties of the company in liquidation