https://www.taxtmi.com/article/detailed?id=9597 A managing director's TDS default that predates the corporate insolvency resolution process creates personal criminal liability; the liquidator must defend the company but the liquidation estate is not liable to reimburse compounding fees paid to exonerate the individual. An officer's application to have the corporate debtor pay compounding fees conflicts with insolvency priority principles and is inappropriate where the alleged offence is personal and occurred before CIRP. en-us Fri, 25 Dec 2020 09:34:55 +0530 Fri, 25 Dec 2020 09:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9597 A managing director's TDS default that predates the corporate insolvency resolution process creates personal criminal liability; the liquidator must defend the company but the liquidation estate is not liable to reimburse compounding fees paid to exonerate the individual. An officer's application to have the corporate debtor pay compounding fees conflicts with insolvency priority principles and is inappropriate where the alleged offence is personal and occurred before CIRP. Articles Corporate Laws / IBC / SEBI Fri, 25 Dec 2020 09:34:55 +0530 https://www.taxtmi.com/article/detailed?id=9597