NCLT Upholds SFIO’s Winding-Up Petition as Central Govt Had Authorised Officer

Union of India Through Serious Fraud Investigation Office Vs MPS Greenery Developers Limited (NCLT Kolkata) The National Company Law Tribunal (NCLT), Kolkata dismissed an interlocutory application seeking dismissal of a winding-up petition filed by the Union of India through the Serious Fraud Investigation Office (SFIO) under Sections 271 and 272 of the Companies Act, 2013. The applicant company had sought dismissal of the main company petition, a stay of further proceedings, and contended that the petition was not maintainable, alleging that no authority letter from the Central Government had...