Supreme Court Upholds the Constitutionality of Life Sentences Without Remission Until Natural Death  ||  Supreme Court: Service Benefits Can't be Refused Due to Missing ACRs Not Attributable to Employees  ||  Supreme Court: Courts May Grant Lesser Relief under Order VII Rule 7 CPC, But Not a Different Claim  ||  Supreme Court Dismisses Lokpal's Plea Against Delhi HC Order Quashing Probe into Defence Secretary  ||  SC Grants Bail to Two UAPA Accused, Citing 12-Year Incarceration and Violation of Article 21  ||  Madras High Court: Seeking Divorce over Wife's Accidental Hip Injury is Inhumane  ||  Kerala High Court Directs Stronger Audit and Financial Oversight in Guruvayur Devaswom  ||  Madras High Court Directs State and Judiciary to Expedite Rape and POCSO Trials  ||  Karnataka HC Upholds RTO's Power to Cancel Registration Secured by False Documents  ||  Karnataka HC: Bengaluru-Mysuru Corridor Could be Biggest Scam, Farmers Deprived of Land    

NCLAT: Audit Report Alone Not Enough to Prove Fraud in Commercial Deal Under Section 66(2) IBC - (29 Sep 2025)

INSOLVENCY

NCLAT, Principal Bench, New Delhi, held that a transactional audit report alone cannot serve as conclusive proof of fraudulent trading under Section 66 of the IBC, 2016, emphasizing that additional evidence is necessary to establish fraud in such commercial transactions.

Tags : AUDIT REPORT   COMMERCIAL DEAL   FRAUD  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved