 "banks, stressed assets, NPAs, non-performing asets, bad loans")
The Madras High Court has directed the Registrar of Companies (ROC) to conduct a fresh inquiry into allegations of misappropriation, mismanagement and misfeasance in the Church of South India (CSI) Trust Association (CSITA), which owns properties worth several trillions of rupees across South India.
In his order, Justice R Mahadevan directed the ROC to conduct the inquiry strictly in accordance with law by giving CSITA an opportunity to be heard between February 17 and 22. The Court also asked ROC to file a detailed report with the Union Ministry of Corporate Affairs for deciding further course of action in two weeks.
Since
