https://www.taxtmi.com/caselaws?id=787403 The article addresses whether managerial remuneration withdrawals by suspended management constitute fraudulent or wrongful trading under insolvency law. It applies a high evidentiary threshold, requiring cogent proof of deliberate intent to defraud; where ledger entries, admitted claims, transaction audit and bank records show payments before CIRP commencement and no falsification, withdrawals are not characterised as fraudulent and are upheld for the appellants. The tribunal distinguished transactions cleared post-CIRP and conceded recoveries, directing restoration of specific post-admission amounts while leaving pre-CIRP ordinary-course payments intact. en-us Tue, 03 Mar 2026 00:00:00 +0530 Thu, 05 Mar 2026 08:41:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787403 The article addresses whether managerial remuneration withdrawals by suspended management constitute fraudulent or wrongful trading under insolvency law. It applies a high evidentiary threshold, requiring cogent proof of deliberate intent to defraud; where ledger entries, admitted claims, transaction audit and bank records show payments before CIRP commencement and no falsification, withdrawals are not characterised as fraudulent and are upheld for the appellants. The tribunal distinguished transactions cleared post-CIRP and conceded recoveries, directing restoration of specific post-admission amounts while leaving pre-CIRP ordinary-course payments intact. Case-Laws IBC Tue, 03 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787403