💨 Abstract

The CBI has registered a case of bribery against AU Corporate Advisory and Legal Services, based in Mumbai. The firm is accused of offering a bribe to influence a member of the National Company Law Tribunal (NCLT) to deliver a favorable judgement for a company. The alleged bribe was reduced from INR 1.5 crore to INR 1 crore, with an INR 20 lakh advance deposit.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖