An offence under Section 66(1) of IBC where business of a corporate debtor is carried on with intent to defraud creditors or for any fraudulent purpose. Officers involved can be held personally liable by NCLT.
Last updated: 17 May 2026
An offence under Section 66(1) of IBC where business of a corporate debtor is carried on with intent to defraud creditors or for any fraudulent purpose. Officers involved can be held personally liable by NCLT.
Fraudulent Trading is significant under IBC because An offence under Section 66(1) of IBC where business of a corporate debtor is carried on with intent to defraud creditors or for any fraudulent purpose. Officers involved can be held personally liable by NCLT.
Fraudulent Trading under IBC applies to companies, professionals, and individuals involved in IBC-related compliance and regulatory matters in India. Specifically: An offence under Section 66(1) of IBC where business of a corporate debtor is carried on with intent to defraud creditors or for any fraudulent purpos...