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Companies Law - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

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

Companies Law

April 10, 2020

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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