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IBC - Highlights / Catch Notes

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Attachment of immovable property - In forensic audit report it ...

Insolvency and Bankruptcy

November 23, 2022

Attachment of immovable property - In forensic audit report it appears that it was noticed that fraud was committed by the appellant in getting the property registered in his name. It has further been noticed that after getting the property registered in his name both the directors tendered resignation from the Board of the company. However, the record suggests that both the directors were continuing to run the corporate debtor even thereafter. - Appeal dismissed - AT

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