The National Company Law Tribunal (NCLT) will give its final verdict on restatement on CG power accounts after 23 January when it will hear the arguments of Ministry of Corporate Affairs.
The Tribunal deferred hearing on the petition filed by MCA seeking restatement of the company’s financial accounts as the government department suspects a fraud and that its financial statements did not reflect the true picture of its accounts.
MCA posted the hearing to 23 January as their counsel was not present.
