Section 531A Prohibits lease of property for 30 years by a Company one year prior to its winding up petition

HIGH COURT OF MADRAS Sri Krishnasamy Reddiar Educational Trust v/s. Official Liquidator O.S.A No. 129 of 2008 August 16, 2011 JUDGMENT Mrs. R. Banumathi, J. Being aggrieved by the order passed by the learned single judge in C. A. No. 2729 of 2007 in C. P. No. 174 of 2001 dated January 25, 2008, the appellant/third party has preferred this appeal. 2. The brief facts, which led to the filing of this appeal are as follows : M/s. Union Motors Services Ltd., was ordered to be wound up by the order of this court dated September 21, 2004, made in C. P. No. 174 of 2001. The official ...