Insolvency Plea Can’t Be Dismissed On Fraud Claims Without Proof: NCLT Ahmedabad
Gandhinagar, Dec 10 (KNN) The National Company Law Tribunal (NCLT), Ahmedabad, has held that an insolvency application cannot be dismissed merely on allegations of fraud or malicious intent unless supported by clear and cogent evidence. Section 65 Requires Proof of Mala Fides While admitting insolvency proceedings against Turnrest Resources, the NCLT held that Section 65 of…

