https://www.taxtmi.com/caselaws?id=795793 A show-cause notice proposing fraud classification cannot rest on an inconclusive forensic-audit report prepared without the borrower's complete books and supporting records. The report was based only on limited lender-provided material and expressly remained subject to further findings once full records were produced. Where the company is in liquidation, available records must be obtained through the Liquidator or investigating authority for a proper forensic examination. Reliance on complete and relevant material is required for a definite finding in a fair adjudicatory process. The notice was invalid, though fresh action may be taken after necessary records are obtained and a definite forensic finding is made. en-us Thu, 02 Jul 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795793 A show-cause notice proposing fraud classification cannot rest on an inconclusive forensic-audit report prepared without the borrower's complete books and supporting records. The report was based only on limited lender-provided material and expressly remained subject to further findings once full records were produced. Where the company is in liquidation, available records must be obtained through the Liquidator or investigating authority for a proper forensic examination. Reliance on complete and relevant material is required for a definite finding in a fair adjudicatory process. The notice was invalid, though fresh action may be taken after necessary records are obtained and a definite forensic finding is made. Case-Laws Companies Law Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795793