https://www.taxtmi.com/caselaws?id=466294 Fraudulent trading by directors and their personal liability to compensate creditors was upheld on the basis of the resolution professional's evidence that directors transferred company assets to an entity they controlled. The tribunal held that fraudulent transactions under Section 66 have no statutory look-back period, permitting recovery of assets and losses irrespective of time; the appellants' non-denial and failure to rebut RP material led to dismissal of the appeal and affirmation of director liability to make good creditor losses. en-us Mon, 05 Dec 2022 00:00:00 +0530 Wed, 28 Jan 2026 10:53:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466294 Fraudulent trading by directors and their personal liability to compensate creditors was upheld on the basis of the resolution professional's evidence that directors transferred company assets to an entity they controlled. The tribunal held that fraudulent transactions under Section 66 have no statutory look-back period, permitting recovery of assets and losses irrespective of time; the appellants' non-denial and failure to rebut RP material led to dismissal of the appeal and affirmation of director liability to make good creditor losses. Case-Laws IBC Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466294