Order passed within time, but communicated late, cannot dilute the validity of an order

The Adjudicating Authority Vs M/s. Anuttam Academic Institutions (Madras High Court)

Facts- During the year 2017, a search was conducted in the premises of Marg Group of companies and its related entities, which resulted in seizure of various documents allegedly indicating the prohibited transactions as per clause A of section 2(9) of the Act. Therefore, a notice dated 26.04.2018 u/s 24(1) of the Act was issued by the second appellant to the respondent herein, calling upon them to show cause as

Please become a Premium member. If you are already a Premium member, login here to access the full content.