https://www.taxtmi.com/caselaws?id=428965 The Tribunal upheld the Adjudicating Authority's decision, dismissing the application due to insufficient evidence of fraudulent trading under Section 66(1) of the IBC, 2016. It determined that the asset transfers within group companies were transparent and lacked fraudulent intent. Consequently, the appeal was dismissed, and the connected stay application was closed. en-us Mon, 10 Oct 2022 00:00:00 +0530 Thu, 28 Mar 2024 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428965 The Tribunal upheld the Adjudicating Authority's decision, dismissing the application due to insufficient evidence of fraudulent trading under Section 66(1) of the IBC, 2016. It determined that the asset transfers within group companies were transparent and lacked fraudulent intent. Consequently, the appeal was dismissed, and the connected stay application was closed. Case-Laws Insolvency and Bankruptcy Mon, 10 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428965