Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]

Purchase of Shares in company - Liquidation - Benami Property Ownership - Benami Property - Civil Appeal - condones delay - Supreme Court - taxscan

The Supreme Court of India has held that the purchase of shares in a company under liquidation does not automatically confer ownership of benami property to the company itself. The ruling came in response to a case where P. Eswaramoorthy challenged a judgment by the National Company Law Appellate Tribunal, Chennai, in a Civil Appeal….

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