https://www.taxtmi.com/caselaws?id=391788 The NCLT affirmed its jurisdiction to direct the SFIO to investigate financial discrepancies despite objections, emphasizing the importance of upholding public interest and ensuring proper fund utilization. The tribunal prioritized substantial justice over technicalities, denying the application to recall its order and highlighting the SFIO's duty to proceed with the investigation without further permissions. This decision underscores the commitment to safeguarding public funds and ensuring accountability in financial matters, even amidst jurisdictional disputes. en-us Fri, 26 Jul 2019 00:00:00 +0530 Fri, 07 Feb 2020 10:15:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391788 The NCLT affirmed its jurisdiction to direct the SFIO to investigate financial discrepancies despite objections, emphasizing the importance of upholding public interest and ensuring proper fund utilization. The tribunal prioritized substantial justice over technicalities, denying the application to recall its order and highlighting the SFIO's duty to proceed with the investigation without further permissions. This decision underscores the commitment to safeguarding public funds and ensuring accountability in financial matters, even amidst jurisdictional disputes. Case-Laws Insolvency and Bankruptcy Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391788