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IBC - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Validity of transactions - on mere allegation made by the ...

Case Laws     Insolvency and Bankruptcy

August 3, 2019

Validity of transactions - on mere allegation made by the ‘Resolution Professional’, it was not open to the Adjudicating Authority to hold that mortgage deeds, in question, were made by way of transactions which come within the meaning of ‘fraudulent trading’ or ‘wrongful trading’ under Section 66.

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