https://www.taxtmi.com/caselaws?id=773771 NCLAT dismissed the appeal filed by former director against NCLT's direction to file affidavit confirming accuracy of ledger transactions for FY 2017-18 and 2018-19. The liquidator had initiated proceedings under Section 66 of IBC alleging fraudulent transactions worth Rs. 27,07,470 based on forensic audit findings. NCLAT held that the impugned order was merely procedural in nature for fact-finding purposes to ensure sanctity of ledger entries, not a substantive determination on merits. Since the tribunal had not yet considered implications of the directed affidavit, NCLAT declined to exercise appellate jurisdiction under Section 61 of IBC, affirming the lower tribunal's order. en-us Mon, 23 Jun 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773771 NCLAT dismissed the appeal filed by former director against NCLT's direction to file affidavit confirming accuracy of ledger transactions for FY 2017-18 and 2018-19. The liquidator had initiated proceedings under Section 66 of IBC alleging fraudulent transactions worth Rs. 27,07,470 based on forensic audit findings. NCLAT held that the impugned order was merely procedural in nature for fact-finding purposes to ensure sanctity of ledger entries, not a substantive determination on merits. Since the tribunal had not yet considered implications of the directed affidavit, NCLAT declined to exercise appellate jurisdiction under Section 61 of IBC, affirming the lower tribunal's order. Case-Laws IBC Mon, 23 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773771