https://www.taxtmi.com/caselaws?id=433430 The National Company Law Tribunal (NCLT), New Delhi Bench, dismissed a winding-up petition against a company, citing lack of sanction and merit, similar to a previous case. The petition was based on findings from an SFIO investigation linking the company to money laundering activities controlled by individuals referred to as 'Jain Brothers.' The Tribunal found issues with the validity of a sanction letter and the involvement of Jain Brothers, ultimately upholding the dismissal of the appeal based on precedent. The decision was in line with the principles of natural justice, leading to the dismissal of the appeal and direction for publication of the judgment. en-us Wed, 25 Jan 2023 00:00:00 +0530 Mon, 30 Jan 2023 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433430 The National Company Law Tribunal (NCLT), New Delhi Bench, dismissed a winding-up petition against a company, citing lack of sanction and merit, similar to a previous case. The petition was based on findings from an SFIO investigation linking the company to money laundering activities controlled by individuals referred to as 'Jain Brothers.' The Tribunal found issues with the validity of a sanction letter and the involvement of Jain Brothers, ultimately upholding the dismissal of the appeal based on precedent. The decision was in line with the principles of natural justice, leading to the dismissal of the appeal and direction for publication of the judgment. Case-Laws Companies Law Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433430