Case Law Analysis
|Bombay High Court
Unstamped & Unregistered Property Transfers Post-Adjudication Void Under Presidency Towns Insolvency Act : Bombay HC
Bombay High Court rules that property transfers executed via unstamped and unregistered agreements after insolvency adjudication are void ab initio, reinforcing creditor protections under the Presidency Towns Insolvency Act 1909. The court directed deposit of sale proceeds with the Official Assignee, setting a precedent for fraudulent transfer cases in insolvency proceedings.