Change of SFIO Probe is Procedural, Not Review: NCLAT Chennai

Paul Jospeh Vs Union of India (NCLAT Chennai) The appeal before the National Company Law Appellate Tribunal, Chennai Bench, arose from an order dated 03.01.2024 which modified an earlier direction dated 11.03.2020 concerning investigation into the affairs of a company. The earlier order had directed investigation by the Serious Fraud Investigation Office (SFIO) pursuant to an application filed by an administrator appointed by the NCLT. By the impugned order, the Tribunal modified only the mode of investigation by directing the Central Government to appoint an Inspector instead of SFIO, while e...