Sale Of Corporate Debtor's Property Can't Be Declared Fraudulent Merely On Claim Of Security Interest Without Supporting Evidence: NCLT Kochi

The NCLT, Kochi, has ruled that the "sale of a corporate debtor's property can't be declared fraudulent without supporting evidence," merely on a claim of security interest. The tribunal's decision provides a significant victory for the company. The ruling clarifies that a claim of fraud cannot be made without a valid reason.