Validity of faceless assessment procedure challenged for jurisdictional AO intervention mid-remand, resulting in quashing of assessment for procedural...
Inventory write-off and fraudulent/wrongful trading allegations in corporate insolvency led to director liability principles applied and appeal dismis...
Page of 4813
Press 'Enter' after typing page number.
6741 to 6760 of 96257 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
To establish fraudulent trading the tribunal must find transactions knowingly made with dishonest intent to defraud creditors, while wrongful trading targets directors or partners who knew or ought to have known insolvency was inevitable and failed to minimize creditor loss; the tribunal applied these distinct standards and found false entries and collusion between the corporate debtor and the counterparty, concluding receivables were wiped out without actual sales. Evidence met the civil standard of preponderance of probability on these facts, relevant earlier appellate and Supreme Court affirmations were noted, and the appeal was dismissed with the direction for contribution to the corporate debtor's assets.
To establish fraudulent trading the tribunal must find transactions knowingly made with dishonest intent to defraud creditors, while wrongful trading targets directors or partners who knew or ought to have known insolvency was inevitable and failed to minimize creditor loss; the tribunal applied these distinct standards and found false entries and collusion between the corporate debtor and the counterparty, concluding receivables were wiped out without actual sales. Evidence met the civil standard of preponderance of probability on these facts, relevant earlier appellate and Supreme Court affirmations were noted, and the appeal was dismissed with the direction for contribution to the corporate debtor's assets.
Note: It is a system-generated summary and is for quick reference only.