Suspended directors running business of corporate debtor in fraudulent manner is liable u/s 66 of IBC

Concord Infrastructure Private Limited Vs Shubhkamna Buildtech Private Limited (NCLT Delhi)

Held that suspended board of directors were involved in running the business of the corporate debtor in a fraudulent and wrongful manner, therefore, responsible and liable under the provision of Section 66 of the IBC Code, 2016.

Facts- The present application has been filed under Section 30(6) read with Section 31(1) of the Insolvency & Bankruptcy Code, 2016 read with Regulation

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