https://www.taxtmi.com/caselaws?id=406972 The Appellate Tribunal partly allowed the appeal, setting aside the NCLT's direction for the Registrar of Companies to investigate the affairs of Respondent No. 1 Company. However, it upheld the NCLT's directive for joint operation of the bank accounts, with an additional order for transparency measures. The NCLT was directed to provide an opportunity for both parties to be heard and, if necessary, pass an order for investigation under Section 210(2) of the Companies Act, 2013. en-us Mon, 26 Apr 2021 00:00:00 +0530 Mon, 15 Nov 2021 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406972 The Appellate Tribunal partly allowed the appeal, setting aside the NCLT's direction for the Registrar of Companies to investigate the affairs of Respondent No. 1 Company. However, it upheld the NCLT's directive for joint operation of the bank accounts, with an additional order for transparency measures. The NCLT was directed to provide an opportunity for both parties to be heard and, if necessary, pass an order for investigation under Section 210(2) of the Companies Act, 2013. Case-Laws Insolvency and Bankruptcy Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406972