https://www.taxtmi.com/caselaws?id=750746 NCLAT upheld NCLT's interim order directing forensic audit in oppression and mismanagement case. Appellant failed to file reply affidavit or supporting documents before NCLT, leaving only petitioner's submissions regarding fund siphoning, statutory auditor appointment lapses, improper books maintenance, and non-compliance with statutory requirements. NCLAT held forensic audit doesn't determine parties' rights but assists tribunal in adjudicating serious allegations of financial irregularities and non-disclosure of related party transactions. Appeal dismissed as interim order justified given gravity of alleged lapses. en-us Fri, 22 Mar 2024 00:00:00 +0530 Thu, 28 Mar 2024 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750746 NCLAT upheld NCLT's interim order directing forensic audit in oppression and mismanagement case. Appellant failed to file reply affidavit or supporting documents before NCLT, leaving only petitioner's submissions regarding fund siphoning, statutory auditor appointment lapses, improper books maintenance, and non-compliance with statutory requirements. NCLAT held forensic audit doesn't determine parties' rights but assists tribunal in adjudicating serious allegations of financial irregularities and non-disclosure of related party transactions. Appeal dismissed as interim order justified given gravity of alleged lapses. Case-Laws Companies Law Fri, 22 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750746