Tag: transaction audit

NCLAT Upholds RP’s Power To Appoint Transaction Auditor Without CoC Approval, Partly Sets Aside Preferential Transaction Order

Team Law Notify Commissions, Forums & Tribunals May 12, 2026

NCLAT _ National Company Law Appellate Tribunal _ LawNotify

May 11, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi, has held that a Resolution Professional (RP) is empowered to appoint professionals, including transaction auditors, for conduct of the Corporate Insolvency Resolution Process (CIRP) without prior consultation Read more…

NCLAT: Forensic Audit Commissioned by Suspended Management During CIRP Lacks Credibility and Cannot Be Relied Upon

Team Law Notify Commissions, Forums & Tribunals March 11, 2026

March 10, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi has held that a forensic or transaction audit commissioned independently by the suspended management of a corporate debtor during the Corporate Insolvency Resolution Process (CIRP) cannot be Read more…