NCLT Allows Revision of Financial Statements as ICD Was Misclassified as Trade Receivables

Cameron Manufacturing (India) Private Limited Vs Regional Director (NCLT Chennai) NCLT Permits Financial Statement Revision Because Accounting Errors Were Inadvertent; Revision of Financial Statements Allowed Because Misclassifications Did Not Alter Financial Position; NCLT Approves Revised Financial Statements Because Corrections Were Needed for True and Fair View; Financial Statement Revision Allowed Because Section 131 Covers Inadvertent Accounting Misclassifications; NCLT Rejects Objections to Revision Because Section 131 Enables Correction of Adopted Financial Statements.  The National C...