Authority: National Company Law Tribunal Chandigarh Bench (Court – II)
Order Date: 16 July 2026
Case Overview
The matter involves a petition (CP No. 160/Chd/Chd/2019) filed by the Union of India, through the Ministry of Corporate Affairs, against Mr. J.B. Bhasin and Others, who are directors of Hind Motors Limited. The petition was filed under Section 140(5) of the Companies Act, 2013, which deals with the removal and resignation of auditors and provides powers to the Tribunal to take action against auditors for proven misconduct.
Final Outcome
The matter was not taken up for hearing on July 16, 2026, due to a paucity of time. Consequently, the NCLT adjourned the proceedings. The next hearing is scheduled for September 3, 2026.
Topics: NCLT, Corporate Compliance, Legal Adjournment