https://www.taxtmi.com/caselaws?id=792037 Section 66 of the Insolvency and Bankruptcy Code allows contribution orders where surrounding circumstances show fraudulent trading, concealment, or diversion of corporate assets; once adequate material is shown, the burden shifts to the persons concerned to explain the transactions. The note also states that the Adjudicating Authority cannot directly order an SFIO investigation, because the Companies Act vests that discretion in the Central Government, so any such direction must follow the statutory procedure. en-us Wed, 20 May 2026 00:00:00 +0530 Fri, 22 May 2026 07:06:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792037 Section 66 of the Insolvency and Bankruptcy Code allows contribution orders where surrounding circumstances show fraudulent trading, concealment, or diversion of corporate assets; once adequate material is shown, the burden shifts to the persons concerned to explain the transactions. The note also states that the Adjudicating Authority cannot directly order an SFIO investigation, because the Companies Act vests that discretion in the Central Government, so any such direction must follow the statutory procedure. Case-Laws IBC Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792037