https://www.taxtmi.com/caselaws?id=425638 The Appeals were partly allowed as the direction for prosecution under Section 69 against the Appellants was set aside. The rest of the order, including directions for losses caused by fraudulent transactions, was affirmed by the Appellate Tribunal, which dismissed the Appeals based on a previous judgment finding fraudulent transactions and stating that ledger dues did not affect such findings. The Appellants were not considered officers of the Corporate Debtor, leading to the setting aside of the direction for prosecution under Section 69 against them. en-us Wed, 27 Jul 2022 00:00:00 +0530 Thu, 28 Jul 2022 09:11:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425638 The Appeals were partly allowed as the direction for prosecution under Section 69 against the Appellants was set aside. The rest of the order, including directions for losses caused by fraudulent transactions, was affirmed by the Appellate Tribunal, which dismissed the Appeals based on a previous judgment finding fraudulent transactions and stating that ledger dues did not affect such findings. The Appellants were not considered officers of the Corporate Debtor, leading to the setting aside of the direction for prosecution under Section 69 against them. Case-Laws Insolvency and Bankruptcy Wed, 27 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425638