https://www.taxtmi.com/caselaws?id=98322 The court held that notice to the Central Government is not required at the initial stage of proceedings under Section 391(1) of the Companies Act, 1956. Notice is mandated only when the final proposal is presented for sanction under Section 391(2) or Section 394, aligning with the purpose of allowing the Central Government to make representations before any final order is issued. This interpretation safeguards the interests of the investing public by ensuring scrutiny and objection opportunities for the Central Government before the court's final decision. en-us Mon, 17 Jan 1966 00:00:00 +0530 Fri, 20 Jan 2012 11:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98322 The court held that notice to the Central Government is not required at the initial stage of proceedings under Section 391(1) of the Companies Act, 1956. Notice is mandated only when the final proposal is presented for sanction under Section 391(2) or Section 394, aligning with the purpose of allowing the Central Government to make representations before any final order is issued. This interpretation safeguards the interests of the investing public by ensuring scrutiny and objection opportunities for the Central Government before the court's final decision. Case-Laws Companies Law Mon, 17 Jan 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98322