https://www.taxtmi.com/caselaws?id=802377 Prima facie involvement in alleged corporate fraud may justify interim property restraints even without proof that company assets were received personally. Potential personal liability under section 35 of the Companies Act, 2013 was considered despite the absence of proof that company assets personally benefited the applicant. The money-laundering proceedings had not reached finality, and unrestricted property dealings could prejudice creditor recovery. The property restraints remain in force, but the bank account may be operated subject to quarterly reporting of withdrawals and expenditure. The liquidator's principal application remains pending. en-us Fri, 16 Oct 2026 00:00:00 +0530 Thu, 05 Nov 2026 07:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802377 Prima facie involvement in alleged corporate fraud may justify interim property restraints even without proof that company assets were received personally. Potential personal liability under section 35 of the Companies Act, 2013 was considered despite the absence of proof that company assets personally benefited the applicant. The money-laundering proceedings had not reached finality, and unrestricted property dealings could prejudice creditor recovery. The property restraints remain in force, but the bank account may be operated subject to quarterly reporting of withdrawals and expenditure. The liquidator's principal application remains pending. Case-Laws Companies Law Fri, 16 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802377