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NCLT has power to refer matter to Central Govt. for investigation into affairs of co.

November 5, 2019[2019] 110 162 (NCL-AT)

IBC : Merely because NCLT as adjudicating authority is vested with additional power, power of NCLT under Companies Act, 2013 would not stand extinguished; on satisfaction that business of company was conducted with intent to defraud creditors, members or any other person, NCLT can refer matter to Central Government for investigation into affairs of company

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