https://www.taxtmi.com/caselaws?id=399298 In an oppression and mismanagement petition under sections 241 and 242 of the Companies Act, 2013, the Tribunal held that interim measures such as appointment of an independent forensic auditor and constitution of an audit committee can be granted in aid of the company petition. It further held that such relief is not displaced by a request to refer the dispute to arbitration under section 8 of the Arbitration and Conciliation Act, 1996. Citing concerns about the company's statutory records and the need to meet the ends of justice, the Tribunal directed the forensic audit, supervisory arrangements, and equal sharing of the auditor's costs. en-us Fri, 05 Jun 2020 00:00:00 +0530 Thu, 08 Oct 2020 11:44:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399298 In an oppression and mismanagement petition under sections 241 and 242 of the Companies Act, 2013, the Tribunal held that interim measures such as appointment of an independent forensic auditor and constitution of an audit committee can be granted in aid of the company petition. It further held that such relief is not displaced by a request to refer the dispute to arbitration under section 8 of the Arbitration and Conciliation Act, 1996. Citing concerns about the company's statutory records and the need to meet the ends of justice, the Tribunal directed the forensic audit, supervisory arrangements, and equal sharing of the auditor's costs. Case-Laws Companies Law Fri, 05 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399298