Archive · 8 Oct 2026
Mumbai NCLT Orders Forensic Audit of Narangs Hotel Accounts
Two family shareholders raised concerns about the finances of Narangs International Hotels.
The company and its managers denied the allegations.
Mumbai’s company tribunal ordered an independent expert to check the company’s accounts for two financial years.
The years are 2023–24 and 2024–25.
The company’s directors and officers must cooperate with the auditor.
The applicants must pay the audit costs.
The report is due to the tribunal within 45 days.
The tribunal stressed that ordering an audit does not mean anyone has been found guilty.
It will consider the report when it decides the larger case.
Mumbai’s NCLT ordered a forensic audit of Narangs International Hotels Pvt Ltd.
The audit covers the financial years 2023–24 and 2024–25.
The order followed concerns raised by family shareholders Mona Rama Narang and Rahul Rama Narang.
The company and its management denied the allegations and said the financial statements had been audited.
The applicants will pay the audit costs, and the report is due within 45 days.
- Who
- The Mumbai Bench of the NCLT, in an application brought by Mona Rama Narang and Rahul Rama Narang concerning Narangs International Hotels Pvt Ltd.
- What
- The tribunal ordered a forensic audit of the company’s accounts for 2023–24 and 2024–25.
- When
- The order was passed on October 6; the year is not stated.
- Where
- Mumbai.
- Why
- The tribunal said an independent examination was appropriate given allegations concerning financial transactions and accounting matters.
Applicants’ concerns
Company and management’s response
Alleged financial irregularities
Applicants’ concerns
Family shareholders Mona Rama Narang and Rahul Rama Narang raised concerns about financial transactions, accounting and other corporate matters.
Company and management’s response
The company and its management denied the allegations, saying the financial statements had been audited and several issues had already been addressed.
Meaning of the audit
Applicants’ concerns
The applicants sought an examination of the company’s accounts amid pending oppression and mismanagement proceedings.
Company and management’s response
The tribunal clarified that ordering an audit does not establish wrongdoing; the report will be considered later in the main petition.
- Tribunal
- Mumbai Bench of the National Company Law Tribunal
- Company
- Narangs International Hotels Pvt Ltd
- Order date
- October 6; the article does not specify the year
- Audit period
- Financial years 2023–24 and 2024–25
- Applicants
- Mona Rama Narang and Rahul Rama Narang
- Report deadline
- Within 45 days
- Audit expenses
- To be borne by the applicants
- Status of allegations
- The audit order is not a finding that the allegations are established