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NCLAT upheld order for re-opening of books of account and recasting of financial statements of mismanaged IL&FA

July 29, 2019[2019] 107 taxmann.com 240 (NCL-AT)
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COMPANY LAW: Where affairs of respondent company was mismanaged, petition filed under section 130 for re-opening books of account and recasting financial statements of respondent for past five financial years, viz. from financial year 2012-13 to financial year 2017-18 was to be allowed

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