https://www.taxtmi.com/caselaws?id=303712 The Tribunal found that certain transactions in the case were preferential, undervalued, and involved fraudulent trading. The Liquidator was directed to recover specific amounts from the suspended managing director and another individual. However, as one party was not part of the proceedings, no orders were issued against them. The Liquidator was instructed to take immediate steps to recover the funds and report on their distribution among stakeholders. The application was disposed of on December 21, 2021. en-us Tue, 21 Dec 2021 00:00:00 +0530 Sun, 07 Aug 2022 20:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303712 The Tribunal found that certain transactions in the case were preferential, undervalued, and involved fraudulent trading. The Liquidator was directed to recover specific amounts from the suspended managing director and another individual. However, as one party was not part of the proceedings, no orders were issued against them. The Liquidator was instructed to take immediate steps to recover the funds and report on their distribution among stakeholders. The application was disposed of on December 21, 2021. Case-Laws Insolvency and Bankruptcy Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303712