NCLT allows controlled defreezing of Aquafil Polymers' bank account for Ranchi project payments under Independent Administrator supervision.
Tribunal appoints forensic auditor and independent valuers to examine financial transactions and determine share valuation amid shareholder disputes.
Petitioners allege subcontractor payments are necessary to avoid blacklisting, while Respondent No.2 claims unauthorized transactions without board approval.
RoC report reveals multiple Companies Act violations including financial misstatements, non-disclosure of liabilities, and related-party transactions.