https://www.taxtmi.com/caselaws?id=292165 The Tribunal found prima facie indications of fraudulent transactions involving the Corporate Debtor and related parties, leading to the direction for an investigation by the Serious Fraud Investigation Office (SFIO). The Central Government was mandated to refer the matter to the SFIO for a thorough inquiry into the affairs of the parties involved. The Tribunal invoked its powers under Section 213 of the Companies Act, 2013, instructing the Resolution Professional to provide relevant documents for the investigation. Parties were allowed to take legal actions based on the SFIO's findings, with no cost orders issued. en-us Fri, 09 Aug 2019 00:00:00 +0530 Tue, 08 Dec 2020 19:07:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292165 The Tribunal found prima facie indications of fraudulent transactions involving the Corporate Debtor and related parties, leading to the direction for an investigation by the Serious Fraud Investigation Office (SFIO). The Central Government was mandated to refer the matter to the SFIO for a thorough inquiry into the affairs of the parties involved. The Tribunal invoked its powers under Section 213 of the Companies Act, 2013, instructing the Resolution Professional to provide relevant documents for the investigation. Parties were allowed to take legal actions based on the SFIO's findings, with no cost orders issued. Case-Laws Insolvency and Bankruptcy Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292165