HomeOther LawsWillful Defaulter Tag Based on Undisclosed Forensic Audit Unsustainable Against Non-Executive Director...

Willful Defaulter Tag Based on Undisclosed Forensic Audit Unsustainable Against Non-Executive Director Without Proof of Knowledge or Connivance: Madras HC

The Madras High Court has held that the willful defaulter tag based on undisclosed forensic audit is unsustainable against non-executive directors without proof of knowledge or connivance. The bench of Justice N.Sathish Kumar has quashed the declaration of a non-whole time director as a “willful defaulter” and held that penal measures cannot be continued in…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 5+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started as a freelance tax reporter in the leading online legal news companies like LiveLaw & Taxscan.

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