NCLT allows MCA’s plea to reopen CG Power’s accounts from FY15 to FY19
The National Company Law Tribunal (NCLT) on Thursday allowed a government petition seeking to reopen CG Power and Industrial Solutions accounts from 2014-15 to 2018-19.
The corporate affairs ministry had filed an application in the NCLT seeking the appointment of an independent auditor to reopen the accounts of CG Power & Industrial Solution from 2014-15 to 2018-19.
The ministry in its prayer had said the reopening of the books of accounts is needed to bring out the truth in the larger public interest.
The Mumbai-bench — comprising members Bhaskara Pantula Mohan and Rajesh Sharma — in its order also directed the government not to rely on the report by Vaish Associates, and asked them to conduct a separate investigation.
