Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Director Liability Upheld For Fraudulent Conduct Under Section 66 IBC
Update / Judgement Date
23 Dec 2025
Source
Author
Sakshi Bhardwaj — WCP Legal Desk
Reading Time
1 min read
Corporate Law & GovernanceInsolvency & Bankruptcy Code
The NCLAT upheld directions under Section 66 of the IBC against company directors for fraudulent trading and diversion of funds to related parties. The Tribunal found that non-cooperation with the resolution professional and financial misconduct demonstrated intent to defraud creditors. The ruling reiterates personal accountability of directors and strengthens enforcement of governance standards during insolvency.
