https://www.taxtmi.com/caselaws?id=430585 The appeal was dismissed, upholding the NCLT's orders for the attachment and auction of the property. The NCLT's jurisdiction under Section 66 of the IBC was affirmed, and arguments concerning the Benami Transactions Act and the power of review were rejected. The NCLT's decision was supported by substantial evidence of fraudulent fund diversion, justifying the property's attachment and auction to recover the corporate debtor's assets. en-us Tue, 18 Oct 2022 00:00:00 +0530 Wed, 23 Nov 2022 08:31:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430585 The appeal was dismissed, upholding the NCLT's orders for the attachment and auction of the property. The NCLT's jurisdiction under Section 66 of the IBC was affirmed, and arguments concerning the Benami Transactions Act and the power of review were rejected. The NCLT's decision was supported by substantial evidence of fraudulent fund diversion, justifying the property's attachment and auction to recover the corporate debtor's assets. Case-Laws Insolvency and Bankruptcy Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430585