https://www.taxtmi.com/caselaws?id=98583 The court quashed the Company Law Board's order directing an investigation into the petitioner-company's affairs under Section 237(b) of the Companies Act, 1956. The court found that the grounds cited for the investigation did not indicate fraud or misconduct. It held that the Board did not properly consider relevant material and failed to meet the conditions precedent for forming the required opinion under Section 237(b). The court also upheld the delegation of power to the Board and rejected the challenge to the constitutionality of Section 237(b)(ii). The respondents were restrained from enforcing the order, and costs were awarded to the petitioner. en-us Thu, 16 Jan 1969 00:00:00 +0530 Sat, 21 Jan 2012 12:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98583 The court quashed the Company Law Board's order directing an investigation into the petitioner-company's affairs under Section 237(b) of the Companies Act, 1956. The court found that the grounds cited for the investigation did not indicate fraud or misconduct. It held that the Board did not properly consider relevant material and failed to meet the conditions precedent for forming the required opinion under Section 237(b). The court also upheld the delegation of power to the Board and rejected the challenge to the constitutionality of Section 237(b)(ii). The respondents were restrained from enforcing the order, and costs were awarded to the petitioner. Case-Laws Companies Law Thu, 16 Jan 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98583