2025 (6) TMI 1884

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....nces being aggrieved as against the Impugned Order dated 06.03.2025, as it has been passed in IA(IBC)/1592(CHE)/2022, as preferred in CP/141/IB/2019, which was passed by the NCLT, Chennai, by virtue of which, Ld. NCLT has issued the directions to the Appellant to file an affidavit confirming the accuracy of transactions as shown in the ledger account for the period pertaining to the financial year 2017-2018 & 2018-2019. 2. The Company Appeal is accompanied with a Condone Delay Application being IA No.777/2025, where the Appellant has sought the condonation of 14 days of delay, which has chanced in preferring the Appeal. The details of, and the reasons for the delay has been given by the Appellant in para 3 of the application. He has stat....

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....tion (2) of Section 61 of I & B Code, 2016. Hence, the delay which has chanced in preferring the appeal would stand condoned. Accordingly, IA No.777/2025 would stand disposed of. 4. The Appellant in the instant appeal questions the propriety of the Impugned Order of 06.03.2025, the particulars of which have been given herein above. The facts, that emerges from the records is that the accuracy of the transactions as per the ledger entries in the accounts of the Corporate Debtor for the years 2017-18 and 2018-19, of which the Appellant is the erstwhile director, has been disputed by forensic audit and this was brought before the Ld. NCLT by the liquidator and accordingly Ld. NCLT issued directions that in order to overcome any doubt with r....

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....ed by the Tribunal is extracted hereunder: - "Ld. Counsel Mr. V.Manivannan is present for the Applicant. Ld. Counsel Ms. Sree Vishwanthini is present for the Respondent. Case Heard. This is a case where the account of Mr. Intisar Mohamed Medekar has shown closing balance as well as opening balance for the period 13.04.2017 to 31.03.2019 not in accordance with the accountancy standards. Chartered Accountant who has conducted the statutory audit also confirmed that there has been change in the closing balance as well as opening balance and filed an affidavit vide diary no.2134 dated 30.04.2024. Auditor has clearly given in the affidavit that the ledger account is incorrect and discrepancy in the ledger account is in....