https://www.taxtmi.com/caselaws?id=369120 The Tribunal upheld the Adjudicating Authority's decision to require ex-Directors of a Corporate Debtor to deposit their passports during liquidation proceedings. It was deemed necessary to prevent hindrance to fraud investigations and safeguard stakeholder interests. The Tribunal clarified that this measure was temporary and aimed at ensuring the integrity of investigations and the liquidation process. The appeal challenging the Authority's jurisdiction and the order's compliance with constitutional rights was dismissed, affirming the Authority's power to issue such directions under the Insolvency and Bankruptcy Code. en-us Thu, 30 Aug 2018 00:00:00 +0530 Mon, 22 Oct 2018 09:52:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369120 The Tribunal upheld the Adjudicating Authority's decision to require ex-Directors of a Corporate Debtor to deposit their passports during liquidation proceedings. It was deemed necessary to prevent hindrance to fraud investigations and safeguard stakeholder interests. The Tribunal clarified that this measure was temporary and aimed at ensuring the integrity of investigations and the liquidation process. The appeal challenging the Authority's jurisdiction and the order's compliance with constitutional rights was dismissed, affirming the Authority's power to issue such directions under the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Thu, 30 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369120