https://www.taxtmi.com/caselaws?id=303648 The Tribunal granted the Petitioner's request for interim relief, appointing auditors for a forensic audit of the company's affairs. Despite objections from the Respondents, the Tribunal ruled in favor of the interim relief, emphasizing corporate governance and compliance with contractual commitments. The issue of the Petition's maintainability under Section 244 of the Companies Act, 2013, due to attachment orders of shares held by the Petitioner, was addressed. The Tribunal noted that the Petition could not be dismissed based solely on provisional attachment orders pending investigation into the shares' status. The Tribunal also addressed the remuneration of the auditors, to be shared equally by both parties. en-us Wed, 14 Jun 2017 00:00:00 +0530 Thu, 04 Aug 2022 08:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303648 The Tribunal granted the Petitioner's request for interim relief, appointing auditors for a forensic audit of the company's affairs. Despite objections from the Respondents, the Tribunal ruled in favor of the interim relief, emphasizing corporate governance and compliance with contractual commitments. The issue of the Petition's maintainability under Section 244 of the Companies Act, 2013, due to attachment orders of shares held by the Petitioner, was addressed. The Tribunal noted that the Petition could not be dismissed based solely on provisional attachment orders pending investigation into the shares' status. The Tribunal also addressed the remuneration of the auditors, to be shared equally by both parties. Case-Laws Companies Law Wed, 14 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303648