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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Fraudulent trading or wrongful trading can require contributors to restore assets to a corporate debtor during insolvency resolution.</h1> Fraudulent trading allows the Adjudicating Authority, on a resolution professional's application, to order persons who knowingly carried on the corporate debtor's business with intent to defraud creditors or for a fraudulent purpose to contribute to the debtor's assets during insolvency resolution or liquidation. Wrongful trading permits the Authority, on the resolution professional's application during the resolution process, to direct directors or partners to contribute where they knew or ought to have known before the insolvency commencement date that there was no reasonable prospect of avoiding the process and did not exercise due diligence to minimise creditor loss.

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