https://www.taxtmi.com/caselaws?id=408065 Failure to produce original records, statutory filings, and board approvals can justify an adverse inference where management alone controls the evidence. The note concerns share transfers in subsidiaries, trademark assignment, and a master reseller arrangement, treated as transactions that stripped the corporate debtor of assets and business control. The tribunal reasoning rejects the claim that they were ordinary-course dealings because no lawful approval, disclosure, or registration was shown, and the non-joinder objection did not bar relief. On that basis, the transactions are described as fraudulent and avoidable, with consequential restoration of assets and assessment of loss. en-us Fri, 07 May 2021 00:00:00 +0530 Mon, 31 May 2021 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408065 Failure to produce original records, statutory filings, and board approvals can justify an adverse inference where management alone controls the evidence. The note concerns share transfers in subsidiaries, trademark assignment, and a master reseller arrangement, treated as transactions that stripped the corporate debtor of assets and business control. The tribunal reasoning rejects the claim that they were ordinary-course dealings because no lawful approval, disclosure, or registration was shown, and the non-joinder objection did not bar relief. On that basis, the transactions are described as fraudulent and avoidable, with consequential restoration of assets and assessment of loss. Case-Laws Insolvency and Bankruptcy Fri, 07 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408065