NCLT considers independent audit report alleging Rs 30.44 crore financial misconduct at Sri Lakshmi Narasimha Mining Company.
Audit reveals fund diversion through inflated expenses, unauthorized payments, and share manipulation benefiting family members of key executive.
Tribunal orders appointment of Court Commissioner to verify audit findings and record statements of all involved parties.
Case involves allegations of oppression and mismanagement under Sections 397-398 of Companies Act 2013.