Monday, July 22, 2019

NCLT orders investigation into allegation of fraud in affairs of corporate debtor u/s 210 of Cos. Act

Company Law : Where Resolution Professional filed application before NCLT on ground that CIRP of corporate debtor had been initiated fraudulently and/or with malicious intent for a purpose other than for resolution of insolvency or liquidation of corporate debtor and directors (currently in suspension) of corporate debtor had intentionally not disclosed/withheld information required from time to time by applicant/RP in relation to state of affairs of corporate debtor,

from www.taxmann.com Latest Case Laws https://ift.tt/2Sut4R4

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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