Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
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The SC affirmed the NCLAT's decision, dismissing the appeal concerning alleged fraudulent transactions under Section 66 of the IBC, 2016. The appellant contended that the impugned transactions were normal commercial dealings aimed at alleviating financial distress. However, the tribunal found no evidence of malafide intention or wilful misconduct by the corporate debtor. The SC held that the transactions did not warrant interference, upholding the lower authority's conclusion that the appellant's contention lacked merit. Consequently, the appeal was dismissed, confirming the validity of the impugned orders.
The SC affirmed the NCLAT's decision, dismissing the appeal concerning alleged fraudulent transactions under Section 66 of the IBC, 2016. The appellant contended that the impugned transactions were normal commercial dealings aimed at alleviating financial distress. However, the tribunal found no evidence of malafide intention or wilful misconduct by the corporate debtor. The SC held that the transactions did not warrant interference, upholding the lower authority's conclusion that the appellant's contention lacked merit. Consequently, the appeal was dismissed, confirming the validity of the impugned orders.
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