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IBC - Highlights / Catch Notes

Home Highlights October 2022 Year 2022 This

Fraudulent Trading/Wrongful Trading - The stand taken by the ...

Insolvency and Bankruptcy

October 15, 2022

Fraudulent Trading/Wrongful Trading - The stand taken by the respective parties, comes to a Resultant Conclusion that the Transfer of Assets among the Group Companies ex-facie is not a Fraudulent Trading, as per Section 66 (1) of the Insolvency & Bankruptcy Code, 2016. - the Plea of Fraudulent Trading as projected by the Appellant / Applicant is not proved, to the subjective satisfaction of this Tribunal, in a convincing manner. - AT

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