https://www.taxtmi.com/caselaws?id=785940 To satisfy fraudulent trading, transactions must be knowingly made with a dishonest intention to defraud creditors; wrongful trading liability, by contrast, attaches only to directors or partners who knew or ought to have known there was no reasonable prospect of avoiding insolvency and failed to minimise creditor loss. The tribunal found falsified entries in the corporate debtor's and appellant's accounts that effectively erased receivables, allowing a finding of fraudulent trading on the balance of probabilities and a direction for contribution to the debtor's assets. Prior appellate and Supreme Court affirmations on identical facts were relied upon; the appeal was dismissed. en-us Wed, 28 Jan 2026 00:00:00 +0530 Tue, 03 Feb 2026 08:38:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785940 To satisfy fraudulent trading, transactions must be knowingly made with a dishonest intention to defraud creditors; wrongful trading liability, by contrast, attaches only to directors or partners who knew or ought to have known there was no reasonable prospect of avoiding insolvency and failed to minimise creditor loss. The tribunal found falsified entries in the corporate debtor's and appellant's accounts that effectively erased receivables, allowing a finding of fraudulent trading on the balance of probabilities and a direction for contribution to the debtor's assets. Prior appellate and Supreme Court affirmations on identical facts were relied upon; the appeal was dismissed. Case-Laws IBC Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785940