NCLAT Allows Joint Compounding Applications as Companies Act Has No Express Bar

Pahuja Takii Seed Ltd. & Ors. Vs Registrar of Companies (NCLAT Delhi) The National Company Law Appellate Tribunal (NCLAT) considered multiple appeals arising from a common order of the National Company Law Tribunal (NCLT), New Delhi Bench-III, which had dismissed or disposed of various applications filed under Section 441 of the Companies Act, 2013 for compounding offences. The applications related to defaults including non-filing of annual returns, non-filing of financial statements, non-convening of annual general meetings and board meetings, and other statutory compliances. The NCLT had...