Kerala HC quashes NCLT Order directing production of statement of affairs made against Shareholder [Read Order]
Kerala High Court quashed an NCLT Order that directed the shareholder to produce a statement of affairs, instead of the company.
By Manu Sharma - On December 14, 2023 2:30 pm - 2 mins read
In a recent ruling, the Kerala High Court emphasized the limits of the National Company Law Tribunal’s (NCLT) authority in directing companies to submit statements of affairs during winding-up petitions. Justice C. Jayachandran issued the order after carefully examining Section 274(1) of the Companies Act, which specifically outlines the “directions for filing statements of affairs.”…
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