https://www.taxtmi.com/caselaws?id=397219 The court dismissed the application, upholding the Thareja Committee's and SFIO's findings that the transactions were fraudulent. It was concluded that V.K. Sharma had no authority to execute the agreements on behalf of the JVG Group companies. The court emphasized the lack of bona fides in the applicant's claims and their failure to produce essential evidence, leading to the determination that the transactions were fraudulent and aimed at defrauding creditors and siphoning off funds from JVG Finance Ltd. en-us Fri, 07 Aug 2020 00:00:00 +0530 Sat, 31 Oct 2020 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397219 The court dismissed the application, upholding the Thareja Committee's and SFIO's findings that the transactions were fraudulent. It was concluded that V.K. Sharma had no authority to execute the agreements on behalf of the JVG Group companies. The court emphasized the lack of bona fides in the applicant's claims and their failure to produce essential evidence, leading to the determination that the transactions were fraudulent and aimed at defrauding creditors and siphoning off funds from JVG Finance Ltd. Case-Laws Companies Law Fri, 07 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397219