OFFICIAL LIQUIDATOR OFFICIAL LIQUIDATOR vs MILESHTONE INTERACTIVE PVT. LTD CIN NO. U72200MH1997PTC109692 Advocate - Sushanth, ,Shadab,King Stubb and Kasiva — OLR/53/2019

Case under Companies Act & Rules 1956. Disposed: --DISPOSED OFF on 04th May 2026.

Case disposed Next hearing 05-Mar-2020

CNR: HCBM020053772019

Filing Number

OLR/53/2019

Filing Date

26-Feb-2019

Registration No

OLR/53/2019

Registration Date

26-Feb-2019

Judge

Hon'ble Justice Shri Arif S. Doctor

Coram

Hon'ble Justice Shri Arif S. Doctor

Bench Type

Single

Judicial Branch

Original

Decision Date

04-May-2026

Nature of Disposal

--DISPOSED OFF

Last updated 20-Jun-2026

Acts & Sections

Companies Act & Rules 1956

Petitioner(s)

  1. 1.OFFICIAL LIQUIDATOR OFFICIAL LIQUIDATOR

Respondent(s)

  1. 1.MILESHTONE INTERACTIVE PVT. LTD CIN NO. U72200MH1997PTC109692 Advocate - Sushanth, ,Shadab,King Stubb and Kasiva

Case History

  1. Case disposedDisposed

  2. 04-May-2026

    Hon'ble Justice Shri Arif S. DoctorView PDF

    Case Summary: OLR/53/2019 The Bombay High Court validated a property sale by M.M. Styles Private Limited (Applicant) to Milestone Interactive Pvt. Ltd. (company in liquidation) despite occurring after a winding-up petition was filed, finding the transaction bona fide and beneficial to creditors. The court dismissed the Official Liquidator's report seeking to void the transaction, holding that Section 536(2) of the Companies Act—while rendering dispositions "void"—should be interpreted as "voidable" and permits validation when transactions benefit the company or creditors, involve fair value, and lack fraudulent intent. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 04-May-2026

    For Passing Order

    Hon'ble Justice Shri Arif S. Doctor

  4. 30-Apr-2026

    Hon'ble Justice Shri Arif S. DoctorView PDF

  5. 30-Apr-2026

    For Passing Order

    Hon'ble Justice Shri Arif S. Doctor

  6. 24-Apr-2026

    For Passing Order

    Hon'ble Justice Shri Arif S. Doctor

  7. 17-Apr-2026

    For Orders

    Hon'ble Justice Shri Arif S. Doctor

  8. 10-Apr-2026

    High On Board (Hob)

    Hon'ble Justice Shri Arif S. Doctor

  9. 27-Mar-2026

    High On Board (Hob)

    Hon'ble Justice Shri Arif S. Doctor

  10. 06-Mar-2026

    Hon'ble Justice Shri Arif S. DoctorView PDF

  11. 06-Mar-2026

    Due Matters - Adjourned OS

    Hon'ble Justice Shri Arif S. Doctor

  12. 06-Feb-2026

    Hon'ble Justice Shri Arif S. DoctorView PDF

  13. 06-Feb-2026

    Due Matters - Adjourned OS

    Hon'ble Justice Shri Arif S. Doctor

  14. 16-Jan-2026

    Hon'ble Justice Shri Arif S. DoctorView PDF

  15. 16-Jan-2026

    Due Matters - Adjourned OS

    Hon'ble Justice Shri Arif S. Doctor

  16. 12-Dec-2025

    Hon'ble Justice Shri Arif S. DoctorView PDF

  17. 12-Dec-2025

    For Direction

    Hon'ble Justice Shri Arif S. Doctor

  18. 28-Nov-2025

    Due Matters - Adjourned OS

    Hon'ble Justice Shri Arif S. Doctor

  19. 21-Nov-2025

    Hon'ble Justice Shri Arif S. DoctorView PDF

  20. 21-Nov-2025

    Due Matters - Adjourned OS

    Hon'ble Justice Shri Arif S. Doctor

  21. 07-Nov-2025

    At 1.00 P.M.

    Hon'ble Justice Shri Arif S. Doctor

  22. 26-Sep-2025

    Hon'ble Justice Shri Arif S. DoctorView PDF

  23. 26-Sep-2025

    At 01.00 Pm

    Hon'ble Justice Shri Arif S. Doctor

  24. 20-Sep-2025

    At 01.00 Pm

    Hon'ble Justice Shri Arif S. Doctor

  25. 19-Sep-2025

    Hon'ble Justice Shri Arif S. DoctorView PDF

  26. 12-Sep-2025

    At 4.00 P.M.

    Hon'ble Justice Shri Arif S. Doctor

  27. 21-Aug-2025

    Hon'ble Justice Shri Arif S. DoctorView PDF

  28. 21-Aug-2025

    Due Matters - Adjourned OS

    Hon'ble Justice Sharmila U. Deshmukh

  29. 07-Aug-2025

    Due Matters - Adjourned OS

    Hon'ble Justice Sharmila U. Deshmukh

  30. 08-Jul-2025

    Hon'ble Justice Sharmila U. DeshmukhView PDF

  31. 08-Jul-2025

    For Further Consideration

    Hon'ble Justice Sharmila U. Deshmukh

  32. 24-Jun-2025

    Hon'ble Justice Sharmila U. DeshmukhView PDF

  33. 24-Jun-2025

    Balance Board

    Hon'ble Shri Justice Manish Pitale

  34. 17-Apr-2025

    Hon'ble Shri Justice Manish PitaleView PDF

  35. 17-Apr-2025

    High On Board (Hob)

    Hon'ble Shri Justice Manish Pitale

  36. 25-Mar-2025

    Hon'ble Shri Justice Manish PitaleView PDF

  37. 25-Mar-2025

    High On Board -

    Hon'ble Shri Justice Manish Pitale

  38. 21-Feb-2025

    Hon'ble Shri Justice Manish PitaleView PDF

  39. 21-Feb-2025

    At 2.30 P.M.

    Hon'ble Shri Justice Manish Pitale

  40. 24-Jan-2025

    Hon'ble Shri Justice Manish PitaleView PDF

  41. 24-Jan-2025

    At 4.00 P.M.

    Hon'ble Shri Justice Abhay Ahuja

  42. 06-Dec-2024

    Hon'ble Shri Justice Abhay AhujaView PDF

  43. 06-Dec-2024

    At 2.30 P.M.

    Hon'ble Shri Justice Abhay Ahuja

  44. 10-Oct-2024

    Hon'ble Shri Justice Abhay AhujaView PDF

  45. 10-Oct-2024

    At 2.30 P.M.

    Hon'ble Shri Justice Abhay Ahuja

  46. 19-Sep-2024

    Hon'ble Shri Justice Abhay AhujaView PDF

  47. 19-Sep-2024

    At 2.30 P.M.

    Hon'ble Shri Justice Abhay Ahuja

  48. 23-Aug-2024

    Hon'ble Shri Justice Abhay AhujaView PDF

  49. 23-Aug-2024

    At 2.30 P.M.

    Hon'ble Shri Justice Abhay Ahuja

  50. 25-Jul-2024

    Hon'ble Shri Justice Abhay AhujaView PDF

  51. 25-Jul-2024

    At 2.30 P.M.

    Hon'ble Shri Justice Abhay Ahuja

  52. 27-Jun-2024

    Hon'ble Shri Justice Abhay AhujaView PDF

  53. 18-Aug-2023

    Hon'ble Smt. Justice Bharati DangreView PDF

  54. 05-Mar-2020

    First hearing

    Initial hearing scheduled

  55. 26-Feb-2019

    Case filed

    Registration No. OLR/53/2019

casestatus.in Summary

Case Summary: OLR/53/2019 The Bombay High Court validated a property sale by M.M. Styles Private Limited (Applicant) to Milestone Interactive Pvt. Ltd. (company in liquidation) despite occurring after a winding-up petition was filed, finding the transaction bona fide and beneficial to creditors. The court dismissed the Official Liquidator's report seeking to void the transaction, holding that Section 536(2) of the Companies Act—while rendering dispositions "void"—should be interpreted as "voidable" and permits validation when transactions benefit the company or creditors, involve fair value, and lack fraudulent intent. This case analysis is maintained by casestatus.in based on publicly available court records.

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