https://www.taxtmi.com/caselaws?id=406878 The Tribunal dismissed the Official Liquidator's application seeking direction to investigate fake TDRs issued by a bank, amounting to Rs. 1,50,74,975. The bank denied involvement in the issuance of fake TDRs, claiming to have followed customer mandates and reporting the fraud to the authorities. The Tribunal found elements of fraud in the case, noting an ongoing investigation by the Kolkata Police Economic Offence Wing. However, due to the advanced stage of the investigation and lack of authority to direct a CBI probe under the Companies Act, the Tribunal ruled the application as not maintainable and clarified that parties could pursue a CBI investigation through the appropriate court. en-us Wed, 07 Apr 2021 00:00:00 +0530 Mon, 26 Apr 2021 10:19:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406878 The Tribunal dismissed the Official Liquidator's application seeking direction to investigate fake TDRs issued by a bank, amounting to Rs. 1,50,74,975. The bank denied involvement in the issuance of fake TDRs, claiming to have followed customer mandates and reporting the fraud to the authorities. The Tribunal found elements of fraud in the case, noting an ongoing investigation by the Kolkata Police Economic Offence Wing. However, due to the advanced stage of the investigation and lack of authority to direct a CBI probe under the Companies Act, the Tribunal ruled the application as not maintainable and clarified that parties could pursue a CBI investigation through the appropriate court. Case-Laws Companies Law Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406878