https://www.taxtmi.com/caselaws?id=309561 The Court found the Petitioner implicated in diverting funds amounting to 11.78 crores through bogus consultancy bills to various companies, including LEEL Electricals Limited and Fedders Electric and Engineering Ltd. Additionally, Mr. Nipun Singhal was revealed to have siphoned off Rs 5.42 crores from LEEL Electricals Limited through fictitious invoices. The Court acknowledged the seriousness of the allegations and directed for further proceedings, setting the next hearing for 16.08.2023. en-us Mon, 03 Jul 2023 00:00:00 +0530 Fri, 20 Feb 2026 17:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309561 The Court found the Petitioner implicated in diverting funds amounting to 11.78 crores through bogus consultancy bills to various companies, including LEEL Electricals Limited and Fedders Electric and Engineering Ltd. Additionally, Mr. Nipun Singhal was revealed to have siphoned off Rs 5.42 crores from LEEL Electricals Limited through fictitious invoices. The Court acknowledged the seriousness of the allegations and directed for further proceedings, setting the next hearing for 16.08.2023. Case-Laws Companies Law Mon, 03 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309561