Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of NCLAT dismissed the appeal filed by the appellants challenging the NCLT's order directing investigation under s.213 of the Companies Act, 2013 into the affairs of Appellant No.1. Relying on established principles that such investigation cannot be ordered on bare allegations and requires subjective satisfaction based on material indicating public interest prejudice or detriment to members, NCLAT held that the NCLT had correctly applied the law. The Tribunal noted multiple observer reports by a former High Court judge alleging fraudulent transactions, siphoning of funds, and data gaps, and found no prima facie bias. NCLAT held that conclusive proof is not required at this stage, only good reasons and a prima facie case, both of which were adequately recorded in the impugned order.
TaxTMI 
TaxTMI 
