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….

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader