NCLT Orders Forensic Audit on Assets of Corporate Debtor

Motel Rahans Pvt Ltd Vs JSM Devcons Pvt Ltd (NCLT Indore) NCLT Bench in Indore has ordered the appointment of a forensic auditor to conduct a thorough audit on the assets of the corporate debtor in the case of Motel Rahans Pvt Ltd Vs JSM Devcons Pvt Ltd. The applicant sought the appointment of an independent transaction auditor to examine irregularities in specific transactions. The CoC proposed the appointment of the forensic auditor, and the NCLT ruled in favor of the audit, clarifying the role of the CoC and the responsibility of the RP in appointing professionals. RP is directed to appoint...