https://www.taxtmi.com/caselaws?id=799359 Fraudulent trading may be established under the Insolvency and Bankruptcy Code where cumulative documentary and circumstantial evidence shows that secured, high-value machinery was removed and replaced without creditor consent by materially lower-value equipment. Contemporaneous financing and hypothecation records, valuation reports, physical signs of removal, unverified asset identifiers, delayed possession and absent purchase records may support fraudulent purpose on a preponderance of probabilities, without direct proof of intent or a series of transactions. Earlier SARFAESI possession proceedings do not create estoppel or exclude jurisdiction. The contribution remedy restores the corporate debtor's depleted asset position; unsupported depreciation and substitute-equipment value assertions do not require reduction of the quantified contribution. en-us Thu, 17 Sep 2026 00:00:00 +0530 Mon, 21 Sep 2026 08:57:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799359 Fraudulent trading may be established under the Insolvency and Bankruptcy Code where cumulative documentary and circumstantial evidence shows that secured, high-value machinery was removed and replaced without creditor consent by materially lower-value equipment. Contemporaneous financing and hypothecation records, valuation reports, physical signs of removal, unverified asset identifiers, delayed possession and absent purchase records may support fraudulent purpose on a preponderance of probabilities, without direct proof of intent or a series of transactions. Earlier SARFAESI possession proceedings do not create estoppel or exclude jurisdiction. The contribution remedy restores the corporate debtor's depleted asset position; unsupported depreciation and substitute-equipment value assertions do not require reduction of the quantified contribution. Case-Laws IBC Thu, 17 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799359