This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
NCLT cannot direct probe by SFIO into affairs of Company of defrauding creditors & others
Case Law Details
- Case Name
- Mr. Lagadapati Ramesh Vs Mrs. Ramanathan Bhuvaneshwari (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Mr. Lagadapati Ramesh Vs Mrs. Ramanathan Bhuvaneshwari (NCLAT Delhi)
Section 212 does not empower the National Company Law Tribunal or the Adjudicating Authority to refer the matter to the Central Government for investigation by the ‘Serious Fraud Investigation Office’ even if it notices the affairs of the Company of defrauding the creditors and others.
However, investigation into affairs of company at the instance of the Tribunal has been prescribed under Section 213.
In terms of clause (b) of Section 213, on an application made to it by any other person (‘Resolution Professional’) or...
