NAL COMPANY. INAL NEW DELHI BENCH NEW DELHI C. P. NO. 41(ND)14 Cc. A. NO. CORAM: PRESENT: SH. S.K. MOHAPATRA SMT. INA MALHOTRA HON’BLE MEMBER (T) HON’BLE MEMBER (3) ATTENDANCE-CUM-ORDER SHEET OF THE HEARING BEFORE NEW DELHI BENCH OF THE NATIONAL COMPANY LAW TRIBUNAL ON 03.05.2017 NAME OF THE COMPANY: M/s. Union of India (MCA) V/s. M/s. KNS Infracon Pvt.Ltd. & Ors. ‘SECTION OF THE COMPANIES ACT: 397/398 S.NO. NAME DESIGNATION REPRESENTATION [ATURE Rua Mi Avy ResP ‘ 1 Rucmin Mona dbo 2 JASMEET SINGH €G5C VoL [s€10 “te: 3. ASTHA SHARMA Adv Vek /SF lo opts Order The background of this petition of is that 2 other connected matters had been filed by the parties involved. Due to the interse disputes between the members, investigation into the allegations of fraud was initiated at the instance of one party. The SFIO, upon investigation, has instituted prosecution. In the interregnum the parties sorted out their problems and prayed for withdrawal of the cases filed by them Contd/-... L eeThe Union of India, through the office of SFIO submits that having investigated the matter,they have found allegations of public money being siphoned off by the respondent company and its directors as cohnect. They, therefore, resist withdrawal of the present petition We are unable to appreciate the arguments advanced by the learned counsel appearing for the SFIO,that this Bench should continue to be seized of this petition. A fraud has been detected by the department for which prosecution has also been initiated. There is nothing left for this Bench to adjudicate in this matter. In view of the same this case is being disposed off with liberty to the department to continue with their prosecution in accordance to Law. All interim orders stand vacated. > + eae [5.K. MOHAPATRA } [INA MALHOTRA} MEMBER [T] MEMBER [1] (shipra Mittal)