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2018 (3) TMI 1634 - NATIONAL COMPANY LAW TRIBUNAL, CHENNAIReplacement of original financial statements as filed before the MCA-21 with the revised financial statements - Held that:- In spite of availing the opportunities, the Counsel for the IT Department has not filed the objections even after passing the conditional order that the right of filing the objections shall stand forfeited. It appears from the conduct of the RD, ROC and IT Authorities that they are not interested to file the objections. Therefore, their right of filing the objections stands forfeited. Keeping in view of the facts and circumstances of the case and the submissions made by the Counsel for the Petitioner, I in exercise of the powers conferred under Section 131 of the Companies Act, 2013, permit the Petitioner to replace the original financial statements (Balance Sheets and Profit & Loss Account) for the year ended 31.03.2016 as filed before the MCA-21 on 11.05.2017 with the revised financial statements as approved.
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