https://www.taxtmi.com/caselaws?id=307244 The court declined to order the attachment of properties of the group companies and personal properties of respondents, citing a lack of legal framework provided by the petitioners and an existing interim order from a Coordinate Bench. The petitioners' request for a forensic audit of the companies due to allegations of fund siphoning by directors was acknowledged, with the court emphasizing the need for SFIO to assess the necessity of such an audit. The court advised petitioners to address grievances through appropriate legal channels and refrained from intervening in proceedings under the Insolvency and Bankruptcy Code. The petition was disposed of without granting the requested attachments. en-us Wed, 11 Mar 2020 00:00:00 +0530 Thu, 30 Mar 2023 01:21:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307244 The court declined to order the attachment of properties of the group companies and personal properties of respondents, citing a lack of legal framework provided by the petitioners and an existing interim order from a Coordinate Bench. The petitioners' request for a forensic audit of the companies due to allegations of fund siphoning by directors was acknowledged, with the court emphasizing the need for SFIO to assess the necessity of such an audit. The court advised petitioners to address grievances through appropriate legal channels and refrained from intervening in proceedings under the Insolvency and Bankruptcy Code. The petition was disposed of without granting the requested attachments. Case-Laws Indian Laws Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307244