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Companies Law - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Direction of re-audit of the accounts - allegation of Oppression ...


Court Orders Re-Audit of Company Accounts Amid Allegations of Mismanagement; Urges Timely Account Finalization Despite Ongoing Litigation.

December 4, 2018

Case Laws     Companies Law     AT

Direction of re-audit of the accounts - allegation of Oppression and Mismanagement - A litigation may remain pending for years and dispute relating to Accounts of a particular year may be raised. It does not mean that for years to come finalization of Accounts should be kept suspended or in doubts.

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