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Companies Law - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Re­casting and re­ opening of the accounts of IL&FS - suspension ...


Supreme Court Confirms Tribunal's Order: IL&FS Accounts Recast, Investigation Transferred to SFIO Due to Public Interest Concerns.

June 7, 2019

Case Laws     Companies Law     SC

Re­casting and re­ opening of the accounts of IL&FS - suspension of Board of Directors of IL&FS - thousands of crores of public money is involved, and in the public interest, the Central Government has thought it fit to handover the investigation with respect to the affairs of IL&FS and other group companies to SFIO. - SC confirmed the order of tribunal.

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