NCLT can allow Compounding of offence despite advanced stage of prosecution

Issue- The issue to be decided in the present case is whether the National Company Law Tribunal is having power to allow the applicants to compound the offence in question, especially when prosecution was already initiated and the same is in advance stage. The application was initially filed before the Company Law Board, Chennai Bench, Chennai. Since, the National Company Law Tribunal, Hyderabad Bench has been constituted for the cases relating to the States of Andhra Pradesh and Telangana, the case is transferred to Hyderabad Bench. Hence, we have taken the case on records of the National Com...