https://www.taxtmi.com/highlights?id=65824 Whenever Fraud on a Creditor is perpetrated in the course of carrying on Business, it does not necessarily follow that the Business is being carried on with an Intent to Defraud the Creditor - One cannot remain oblivious of the candid fact that, if the Directors of a Company had acted on a bonafide belief that the Company would recover from its Financial Problems / Difficulties, then, they will not be held liable for the act / offence of Fraudulent Trading. - AT en-us Tue, 27 Sep 2022 09:05:30 +0530 Tue, 27 Sep 2022 09:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65824 Whenever Fraud on a Creditor is perpetrated in the course of carrying on Business, it does not necessarily follow that the Business is being carried on with an Intent to Defraud the Creditor - One cannot remain oblivious of the candid fact that, if the Directors of a Company had acted on a bonafide belief that the Company would recover from its Financial Problems / Difficulties, then, they will not be held liable for the act / offence of Fraudulent Trading. - AT Highlights Insolvency and Bankruptcy Tue, 27 Sep 2022 09:05:30 +0530 https://www.taxtmi.com/highlights?id=65824