https://www.taxtmi.com/highlights?id=66466 CIRP - Liquidation proeedings - fraudulent transactions - The self–contained IBC in Sec.35(2) empowers the liquidator to take possession (custody) and control of all properties and actionable claims of the CD. It has been adjudicated that the Respondents indulged in fraudulent transactions and they are personally liable to pay the amount of Rs. 21.37 Crores/- - the CD has actionable claims upon the schedule mentioned properties belonging to the Respondents. - Tri en-us Thu, 10 Nov 2022 09:04:45 +0530 Thu, 10 Nov 2022 09:04:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66466 CIRP - Liquidation proeedings - fraudulent transactions - The self–contained IBC in Sec.35(2) empowers the liquidator to take possession (custody) and control of all properties and actionable claims of the CD. It has been adjudicated that the Respondents indulged in fraudulent transactions and they are personally liable to pay the amount of Rs. 21.37 Crores/- - the CD has actionable claims upon the schedule mentioned properties belonging to the Respondents. - Tri Highlights Insolvency and Bankruptcy Thu, 10 Nov 2022 09:04:45 +0530 https://www.taxtmi.com/highlights?id=66466