Tag Archives: Fraudulent trading or wrongful trading during corporate insolvency resolution process

Section 66 of Insolvency and Bankruptcy Code 2016

By | December 1, 2016

Section 66 of Insolvency and Bankruptcy Code 2016 [ Note : Section 66  comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Fraudulent trading or wrongful trading. 66. (1) If during the corporate insolvency resolution process or a liquidation process, it is found that any business of the corporate… Read More »