Public Limited Company to carry on business of spinning, weaving, manufacturing, dealing in cotton or other fabrics, substances and the preparation, dyeing or colouring ... objectors raised allegation of illegality of sale and lease back transaction, spin-off garment division and diversion of funds. The objections raised by the objectors
1998 nsk Page 5 of 32
the 'Spin Off Division' or any matter arising before the date of
arrangement and relating ... arrangement, i.e. 1.4.1997, all assets and liabilities of 'Spin Off
Division' were to vest in the respondent No.2, without any further
Public Limited Company to carry on business of spinning, weaving, manufacturing, dealing in cotton or other fabrics, substances and the preparation, dyeing or colouring ... objectors raised allegation of illegality of sale and lease-back transaction, spin-off garment division and diversion of funds. The objections raised by the objectors
stark reality is
registration of a document concerning immovable property spins
off multiple transactions and generates third party claims/
litigation. In the present context ... Courts, it is helping the fraudsters to create multiple transactions
and spinning off more litigation. All this can be averted if the
registering authority exercises
today, the Company has 3 units viz.,
(i) Spinning Divisions, Unit No.1, Anupparapalayam, Tirupur 641 652.
(ii) Unit No.2, 1486, Avanashi Road, Peelamedu ... board or their nominees or making necessary arrangements to spin off one of the undertakings to the appellants for their due entitlement. All that efforts
stark reality is
registration of a document concerning immovable property spins
off multiple transactions and generates third party claims/
litigation. In the present context ... Courts, it is helping the fraudsters to create multiple transactions
and spinning off more litigation. All this can be averted if the
registering authority exercises
stark reality is
registration of a document concerning immovable property spins
off multiple transactions and generates third party claims/
litigation. In the present context ... Courts, it is helping the fraudsters to create multiple transactions
and spinning off more litigation. All this can be averted if the
registering authority exercises
stark reality is
registration of a document concerning immovable property spins
off multiple transactions and generates third party claims/
litigation. In the present context ... Courts, it is helping the fraudsters to create multiple transactions
and spinning off more litigation. All this can be averted if the
registering authority exercises
ignore certain transfers it does not void
it. The further spin-off adroitly presented by counsel is
that the provision violates the second proviso
crores in that behalf. Taking account of this substantial spin-off, doctrine of
promissory estoppel should be attracted in this case and in that view
