SFIO Challenges NCLT's Order Directing Investigation Into Fraud By Companies

Arunima Bhattacharjee

24 Sept 2019 12:10 PM IST

  • SFIO Challenges NCLTs Order Directing Investigation Into Fraud By Companies

    The Government through Serious Fraud Investigation Office (SFIO) has moved NCLAT against NCLT Principal Bench's order directing SFIO to investigate alleged siphoning of funds by two companies undergoing insolvency proceedings, Luxury Train Pvt. Ltd. and Zynke Exports Pvt. Ltd. The Principal Bench headed by Judicial Member M M Kumar in both the cases observed that funds were...

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