Kerala High Court stays Centre’s order on CAG audit of KIAL
The Kerala High Court on Tuesday stayed the operation of the order issued by the Central government that the Comptroller and Auditor-General of India (CAG) would appoint an auditor for the Kannur International Airport Limited (KIAL).
The stay order came on a writ petition filed by KIAL against the Centre’s decision.
According to the petitioner, section 139(5)(appointment of an auditor by the CAG) is applicable only to a government company as defined in Section 2(45) of the Companies Act 2013 or any other company owned or controlled, directly or indirectly by the Central Government or by any State government or governments or partly by the Central Government and partly by one or more State governments.
