https://www.taxtmi.com/highlights?id=95397 In proceedings concerning alleged fraudulent share transfers and related oppression/mismanagement allegations, the dominant issue was whether the tribunal could direct an independent forensic audit/testing of disputed documents on a prima facie view. Applying s. 424 of the Companies Act, 2013 and the NCLT Rules, it was held that natural justice requires an effective opportunity to establish one's case, and Rule 43 (calling for information/evidence) operates independently of Rule 45 (right of appearance/representation). For ordering expert testing, detailed merits analysis is unnecessary at the initial stage; a prima facie satisfaction suffices, with parties retaining the right to controvert the audit report later. The direction did not infringe any legal right, and the appeal was dismissed. - NCLAT en-us Fri, 26 Dec 2025 07:18:36 +0530 Fri, 26 Dec 2025 07:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=95397 In proceedings concerning alleged fraudulent share transfers and related oppression/mismanagement allegations, the dominant issue was whether the tribunal could direct an independent forensic audit/testing of disputed documents on a prima facie view. Applying s. 424 of the Companies Act, 2013 and the NCLT Rules, it was held that natural justice requires an effective opportunity to establish one's case, and Rule 43 (calling for information/evidence) operates independently of Rule 45 (right of appearance/representation). For ordering expert testing, detailed merits analysis is unnecessary at the initial stage; a prima facie satisfaction suffices, with parties retaining the right to controvert the audit report later. The direction did not infringe any legal right, and the appeal was dismissed. - NCLAT Highlights Companies Law Fri, 26 Dec 2025 07:18:36 +0530 https://www.taxtmi.com/highlights?id=95397