https://www.taxtmi.com/caselaws?id=392637 The court set aside the NCLAT and NCLT orders in an appeal by the former MD & CEO of Punjab National Bank. It held that freezing assets under Sections 337 and 339 of the Companies Act is limited to individuals directly involved in mismanagement or fraudulent conduct of the specific company under investigation. The judgment clarified that this decision does not affect ongoing investigations by CBI or SFIO. en-us Wed, 12 Feb 2020 00:00:00 +0530 Tue, 25 Feb 2020 06:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392637 The court set aside the NCLAT and NCLT orders in an appeal by the former MD & CEO of Punjab National Bank. It held that freezing assets under Sections 337 and 339 of the Companies Act is limited to individuals directly involved in mismanagement or fraudulent conduct of the specific company under investigation. The judgment clarified that this decision does not affect ongoing investigations by CBI or SFIO. Case-Laws Companies Law Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392637