Insolvency: *Section 66 of IBC deals with the liability of the Director or Partner of the Corporate Debtor in the case where the director or partner “knew or ought to have known” that there was no reasonable prospect of avoiding the commencement of the insolvency process – NCLT Mumbai Bench* _Ms. Reeta Kohli (Judicial Member) and Ms. Madhu Sinha (Technical Member)_ Case Citation: (2025) ibclaw.in 136 NCLT For Appellant(s): Adv. Devarajan Raman For Respondent(s): Adv. Chirag Mody and Adv. Sagar Hate *Read here complete summary:* https://ibclaw.in/rekha-shah-liquidator-of-adya-oils-and-chemicals-ltd-vs-sudhir-dinanath-chaturvedi-and-ors-nclt-mumbai-bench *_We only share a few updates in this Group; to get all of the day's updates with Complete summary, Subscribe here:_*: https://ibclaw.in/subscription/ We keep you up2date: _Follow IBC Laws on LinkedIn:_ https://www.linkedin.com/company/ibclaw/ _Follow us on X:_ https://twitter.com/ibc_laws _Like & Follow our Facebook Page:_ https://www.facebook.com/ibclaw.in/ --