Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
NCLAT affirmed the lower tribunal's order regarding unauthorized withdrawal of Rs. 32 lakhs from corporate debtor's account during moratorium period under Section 14 of IBC. The appellants demonstrated persistent non-cooperation and brazen disobedience of prior orders. The tribunal held that the withdrawal violated IBC provisions, rendering the suspended directors liable to deposit the entire amount with 12% per annum interest into the liquidation estate. The appeal was summarily dismissed as lacking substantive legal merit, with the order becoming final due to non-challenge of previous judicial determinations.
NCLAT affirmed the lower tribunal's order regarding unauthorized withdrawal of Rs. 32 lakhs from corporate debtor's account during moratorium period under Section 14 of IBC. The appellants demonstrated persistent non-cooperation and brazen disobedience of prior orders. The tribunal held that the withdrawal violated IBC provisions, rendering the suspended directors liable to deposit the entire amount with 12% per annum interest into the liquidation estate. The appeal was summarily dismissed as lacking substantive legal merit, with the order becoming final due to non-challenge of previous judicial determinations.
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