Back
SENTHILKUMAR RAMAMOORTHY
Maxworth Orchards (India) Limited – Appellant
Versus
Koduru Venkateswara Prasad, S/o (Late) Subramanyeswara Rao – Respondent
ORDER :
Senthilkumar Ramamoorthy, J.
PRAYER IN C.A.No.189 OF 2013: This application is filed under Order XIV Rule 8 OS Rules read with Section 446(2), 450, 456 and 457 of the Companies Act, 1956 and Section 9, 11(b) and 19 of the Company Court Rules, seeking to (A) set aside the sale deeds bearing nos.2369/1998, 2370/1998, 2371/1998, 2372/1998, 2373/1998, 2374/1998 all dated 3/8/1998, 5240/1999, 5241/1999, 5242/1999, 5243/1999, 5244/1999, 5245/1999, 5246/1999, 5247/1999 all dated 29/10/1999, 4297/2000, 4298/2000, 4299/2000, 4300/2000 all dated 28/11/2000, 4348/2000, 4349/2000 all dated 4/12/2000, 263/2001, 264/2001 all 5/12/2001, 2836/2004, 2837/2004, 2838/2004 all dated 26/6/2004, 4118/2000, 4119/2000, 4377/2000, 4378/2000 all dated 6/12/2000, 731/2001 dated 3/2/2001, 1747/2002, 1748/2002, 1749/2002, 1750/2002, 1751/2002 all dated 5/6/2002, 259/2003, 260/2003, 261/2003, 262/2003 all dated 24/1/2003, 263/2003 dated 25/1/2003, 278/2003 dated 27/1/2003, 377/2003 dated 3/2/2003, 3771/2003 dated 12/11/2003, 2830/2004, 2831/2004, 2832/2004 all dated 26/6/2004, 2913/2004 dated 1/7/2004, 2975/2004, 2976/2004 all dated 6/7/2004, 3064/2004, 3065/2004, 3066/2004, 3067/2004, 3068/2004 all dated
Sale deeds executed post-winding up are void under Section 536(2) of the Companies Act, 1956, and powers of attorney executed for fraudulent purposes do not confer rights over property.
Dispositions made after winding up under Section 536(2) of the Companies Act, 1956, are void unless validated by the Court, reaffirming the authority of the Official Liquidator over disputed properti....
The court upheld that powers of attorney executed post-winding-up are void, emphasizing the need for registered sale deeds to establish valid ownership, reaffirming precedence in the corporate liquid....
Conveyances executed post-winding up and in violation of court orders are void; title cannot be conveyed under a power of attorney.
Sale deeds executed after a company's winding up are void unless validated by the court, while powers of attorney coupled with interest remain valid despite the principal's death.
Sale deeds executed after a company's winding up are void unless validated by the court, while powers of attorney coupled with interest remain valid despite the principal's death.
Transactions involving the sale of company assets after winding up are void unless validated by the court, emphasizing the necessity of registered sale deeds for property transfers.
Compliance with statutory requirements for death certificates and the impact of delay in filing applications on the admissibility of claims.
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
