Tribunal's order needed to be modified due to wrongly noted siphoning of funds instead of audit of account: NCLAT

CL : Where appellants and respondents were shareholders and directors of respondent company and in an oppression and mismanagement petition filed by respondent, apart from financial irregularities, no acts of oppression and mismanagement was established against appellants and Tribunal gave directions of audit of accounts of company for financial Year 2009-10, but according to appellants, Tribunal in its order noted siphoning of funds even for period 2008-09, order of Tribunal needed to be modifi

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