https://www.taxtmi.com/caselaws?id=440854 The National Company Law Tribunal (NCLT) addressed issues of mismanagement, financial discrepancies, manipulation of accounts, and non-cooperation in a case involving M/s.SLO Industries Limited under the Insolvency and Bankruptcy Code. The Liquidator discovered discrepancies in accounts, unresolved stock inventory differences, and non-payment of GST. Former directors were accused of manipulating balance sheets, hindering investigations. The NCLT directed the Liquidator to provide audited financial statements and instructed the Central Bureau of Investigation (CBI) to conduct a preliminary inquiry into potential offenses. The judgment emphasizes the need for transparency and accountability in business operations. en-us Thu, 20 Jul 2023 00:00:00 +0530 Fri, 28 Jul 2023 09:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440854 The National Company Law Tribunal (NCLT) addressed issues of mismanagement, financial discrepancies, manipulation of accounts, and non-cooperation in a case involving M/s.SLO Industries Limited under the Insolvency and Bankruptcy Code. The Liquidator discovered discrepancies in accounts, unresolved stock inventory differences, and non-payment of GST. Former directors were accused of manipulating balance sheets, hindering investigations. The NCLT directed the Liquidator to provide audited financial statements and instructed the Central Bureau of Investigation (CBI) to conduct a preliminary inquiry into potential offenses. The judgment emphasizes the need for transparency and accountability in business operations. Case-Laws Insolvency and Bankruptcy Thu, 20 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440854