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Fraudulent trading or wrongful trading.

Section 66 - Act - ADJUDICATING AUTHORITY FOR CORPORATE PERSONS - Insolvency and Bankruptcy Code, 2016 - Section 66 - 66. (1) If during the corporate insolvency resolution process or a liquidation process, it is found that any business of the corpora .....

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arties to the carrying on of the business in such manner shall be liable to make such contributions to the assets of the corporate debtor as it may deem fit. (2) On an application made by a resolution professional during the corporate insolvency reso .....

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re the insolvency commencement date, such director or partner knew or ought to have known that the there was no reasonable prospect of avoiding the commencement of a corporate insolvency resolution process in respect of such corporate debtor; and (b) .....

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