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(2006) 3 MLJ 456 (Mad)
IN THE HIGH COURT OF JUDICATURE AT MADRAS
Present : Ms. Chitra Venkataraman, J.
Case Number(s) : Comp. Appln. Nos. 694 to 696 of 2005 in Comp. Petn. No. 48 of 2000.
Judgement Date :
Saturday 17th of June 2006
| K. Madhu, Chennai 29 | .....Appellant(s) | | Versus | | | Dugar Finance India Limited, Chennai 8 | .....Respondent(s) |
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Companies Act (1 of 1956), Section 457 — Powers of official liquidator — Company in liquidation — Administrator representing Official Liquidator — Sale of property in winding up — Arrears of taxes due by company on winding up — Tender for sale — Terms and conditions — Existence of arrears of tax — Knowledge of purchaser — Condition in tender, arrears of taxes to be discharged by purchaser — Acceptance and participation in auction — Purchaser bound to discharge arrears — Covenant in the sale deed, sale free of encumbrances — Not relevant — Transfer of Property Act (4 of 1882), Section 55(1)(g) — Applicability — Municipal Corporation Act — Transfer of Property — Transfer — Liability for arrears of tax.
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Ratio(s) Decidendi
“If the tender form for purchase of property showed that the applicant purchaser had specifically offered to purchase the property subject to the terms and conditions of the tender and one of the conditions of tender was the arrears of taxes should be paid by the purchaser in respect of the property, the purchaser is liable to discharge the arrears. The fact that the sale deed recited that the property is free of encumbrances, does not in any way cancel the conditions of his offer in the tender, Section 55(1)(g) of the T.P. Act is not attracted.”
Cases Referred
Bhagwati v. Bonarsi Das : 1928 [54] M.L.J. 689
Chendrayya v. Hanumayya AIR 1927 Mad. 193
G. G. Chettiar v. N. G. Gowder AIR 1972 Mad. 36
Gondal State v. Govinram Seksaria AIR [32] 1945 Bom. 187
Harcharan Lal v. Nurul Hasan AIR 1934 Oudh 492
Imam Din v. Bhag Singh AIR 1936 Lah. 746
Mahamood Mamuna Lebbai v. National Bank of India Ltd. : 1944 [2] M.L.J. 264
Mahomed Ali Sheriff v. Venkatepathi Raju : 39 M.L.J. 449
Nathu v. Burtonath : 1922 [42] M.L.J. 444
United Bank of India v. Official Liquidator 1994[1] SCC 575
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