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2022 (7) TMI 1122 - Tri - Insolvency and BankruptcyFraudulent transactions - an amount of Rs.72.45 crores has been identified as fraudulent transactions under section 66 of the IBC, 2016 - HELD THAT:- It appears that the respondents have sold out the fixed assets without passing it through the books of account. The Respondents have not provided any books of account, list of debtors and their outstanding balances - the whole story has been concocted by the suspended directors of the Corporate Debtor and the same is unbelievable and the liquidator is right in moving this application and claiming the relief as prayed in the present case. There has been due and independent application of mind by resolution professionals besides the transaction audit report while filing this application and thus prayer of the Resolution Professional must be allowed - the Respondents No.1 and 2 are directed to jointly and/or severely pay a sum of Rs. 72.45 Crores on account of payments made to the related parties from the account of the Corporate Debtor - application disposed off.
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