NCLT Mumbai allows Resolution Professional's application seeking avoidance of certain transactions by Dojahan Trading Pvt Ltd.
Tribunal orders suspended directors to contribute Rs 96.73 lakhs for fraudulent write-offs of receivables from Kalyan Multi Trade and Ashoka Trading.
Tribunal rejects most preferential transaction claims, remitting matter back to RP for further analysis on repayments to three connected parties.
Application partly allowed; several claims dismissed as respondents were not directors during the relevant transaction periods.