https://www.taxtmi.com/caselaws?id=286353 The court rejected the petitioner's argument that resignation as Director severed ties with the company, emphasizing familial and managerial connections. Concerns were raised about potential control through proxies and allegations of fraud. The court directed affidavits to be filed due to ongoing fraud investigations, highlighting that individuals cannot evade responsibility by hiding behind corporate structures. The judgment underscores the need to uncover fraudulent activities and hold accountable those involved, despite formal resignations, in cases of serious financial misconduct. en-us Mon, 08 Apr 2019 00:00:00 +0530 Sat, 22 Feb 2020 10:12:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286353 The court rejected the petitioner's argument that resignation as Director severed ties with the company, emphasizing familial and managerial connections. Concerns were raised about potential control through proxies and allegations of fraud. The court directed affidavits to be filed due to ongoing fraud investigations, highlighting that individuals cannot evade responsibility by hiding behind corporate structures. The judgment underscores the need to uncover fraudulent activities and hold accountable those involved, despite formal resignations, in cases of serious financial misconduct. Case-Laws Money Laundering Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286353