Notes of account do form part of Balance Sheet: Supreme Court

State of Bihar & Ors Vs Ziqitza Health Care Ltd. & Anr. (Supreme Court of India) The recent Supreme Court ruling in the case of State of Bihar & Ors. vs Ziqitza Health Care Ltd. & Anr. sheds light on a crucial aspect of corporate financial reporting: the role of explanatory notes in balance sheets. This article delves into the details of the case, the arguments presented, and the implications of the court’s decision. Detailed Analysis: The crux of the matter revolved around the interpretation of Section 134(7) of the Companies Act, which addresses the inclusion of notes o...