https://www.taxtmi.com/caselaws?id=98621 The appeal was dismissed with costs, and the impugned order was struck down due to the Central Government's refusal to disclose reasons for forming the opinion and failure to prove the existence of circumstances justifying the investigation. The court emphasized that existence of prima facie materials is necessary to justify the formation of an opinion under section 237(b) of the Companies Act, 1956. en-us Tue, 18 Feb 1969 00:00:00 +0530 Sat, 21 Jan 2012 13:13:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98621 The appeal was dismissed with costs, and the impugned order was struck down due to the Central Government's refusal to disclose reasons for forming the opinion and failure to prove the existence of circumstances justifying the investigation. The court emphasized that existence of prima facie materials is necessary to justify the formation of an opinion under section 237(b) of the Companies Act, 1956. Case-Laws Companies Law Tue, 18 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98621