Power of the tribunal to pass appropriate orders - Impleadment ...

Tribunal can include auditors as parties in proceedings to prevent economic collapse, actions deemed legal.

April 10, 2020

Case Laws     Companies Law     AT

Power of the tribunal to pass appropriate orders - Impleadment of the appellants(s) as party (including auditors) - Before passing any appropriate order in public interest and to save the economy of the Country from collapse, if the Tribunal is of the opinion that it requires to give appropriate hearing to the concerned parties, including those who audited ‘IL&FS’ and/ or those who have managed or were concerned with ‘IL&FS’ or its Group Companies, it cannot be held to be illegal - AT

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