https://www.taxtmi.com/caselaws?id=363089 The NCLT addressed the urgency arising from director disqualification under the Companies Act, 2013, allowing rectification under the Condonation of Delay Scheme, 2018. An independent auditor was appointed to audit financial statements, temporarily restoring disqualified directors' DINs. Disputes on auditor appointment and shareholding were resolved in favor of allowing the audit for scheme benefits. Subsequent challenges to auditors' actions led to a stay order on accounts adoption, with the court declining interference due to evolving litigation. The petition was disposed of, upholding the NCLT's decision on auditor appointment. en-us Fri, 06 Apr 2018 00:00:00 +0530 Fri, 06 Jul 2018 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363089 The NCLT addressed the urgency arising from director disqualification under the Companies Act, 2013, allowing rectification under the Condonation of Delay Scheme, 2018. An independent auditor was appointed to audit financial statements, temporarily restoring disqualified directors' DINs. Disputes on auditor appointment and shareholding were resolved in favor of allowing the audit for scheme benefits. Subsequent challenges to auditors' actions led to a stay order on accounts adoption, with the court declining interference due to evolving litigation. The petition was disposed of, upholding the NCLT's decision on auditor appointment. Case-Laws Companies Law Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363089