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The National Company Appellate Law Tribunal (NCLAT) at Delhi on Friday ruled that the National Financial Reporting Authority (NFRA) has retrospective powers to investigate allegations of misconduct by financial auditors. ....
The NCLAT set aside an order passed by a former Acting President of the NCLT on finding that it was issued without jurisdiction and in violation of his own administrative orders during the COVID-19 lockdown. ....