Recently, National Company Law Appellate Tribunal (NCLAT) order upholding the plea by the Ministry of Corporate Affairs to freeze personal assets of independent directors associated with companies that are being investigated for their involvement in the Punjab National Bank scam. Sumit Naib, Nangia & Co LLP shares his views on aforementioned story for Business Standard. PNB fraud may become a test case for judging roles of independent directors - Sumit Naib