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2018 (2) TMI 1618 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHIExecution of the Investigative Audit Report was rejected by the NCLT - Held that:- It was necessary for NCLT to consider the report which was available and which was treated by the Auditor as its final report for whatever it was worth and record finding whether or not the said report could be maintained. Without rejecting the said report, giving directions for further Chartered Accountants to be suggested and appointment was not proper. When the present report has not been set aside, taking fresh report if the same happens to be in conflict would create confusions. The present appeal is allowed. The impugned order is quashed and set aside. Consequently, subsequent actions taken on the basis of Impugned Order would not survive. Matter is remitted back to NCLT.
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