CIRP - Liquidation proeedings - fraudulent transactions - The ...

Liquidator Authorized by IBC Section 35(2) to Seize Properties; Respondents Liable for Fraudulent Transactions Worth Rs. 21.37 Crores.

November 10, 2022

Case Laws Insolvency and Bankruptcy Tri

CIRP - Liquidation proeedings - fraudulent transactions - The self–contained IBC in Sec.35(2) empowers the liquidator to take possession (custody) and control of all properties and actionable claims of the CD. It has been adjudicated that the Respondents indulged in fraudulent transactions and they are personally liable to pay the amount of Rs. 21.37 Crores/- - the CD has actionable claims upon the schedule mentioned properties belonging to the Respondents. - Tri

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CIRP - Liquidation proeedings - fraudulent transactions - The ...

Liquidator Authorized by IBC Section 35(2) to Seize Properties; Respondents Liable for Fraudulent Transactions Worth Rs. 21.37 Crores.

November 10, 2022

Case Laws Insolvency and Bankruptcy Tri

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