NCLT cannot directly order ROC investigation but can direct Central Government: NCLAT

Neeta Shrinivas Zanvar Vs Nagarjuna Agro Chemicals Private Limited (NCLAT Chennai) National Company Law Appellate Tribunal (NCLAT), Chennai Bench, has partly allowed an appeal filed by Neeta Shrinivas Zanvar against Nagarjuna Agro Chemicals Private Limited. The NCLAT’s order, dated January 5, 2021, modified an earlier directive by the National Company Law Tribunal (NCLT), Hyderabad, regarding the operation of bank accounts and the investigation into the company’s affairs. The case involves a closely held family company with allegations of oppression and mismanagement from both side...