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IBC - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

CIRP Process - The Directors acted wholly illegally once ...

Case Laws     Insolvency and Bankruptcy

June 30, 2020

CIRP Process - The Directors acted wholly illegally once moratorium had been applied, in going ahead and withdrawing monies from the accounts at the back of IRP by even issuing cheques "Self". Such acts cannot be justified in any manner.

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