https://www.taxtmi.com/caselaws?id=99091 Section 15A governs applications to investigate the possibility of restarting an industrial undertaking in liquidation where its business is not being continued, including where closure has lasted several years. The governmental opinion required for such investigation is subjective but must be based on relevant material rationally connected with statutory objectives, including production, supply, distribution and public interest. Prior notice or hearing is not required before authorising an investigation where the statute does not prescribe it and the authorisation itself creates no adverse civil consequence. Legislative policy and statutory criteria guide the power, addressing concerns of arbitrary discretion and unequal treatment. en-us Tue, 04 Jul 1972 00:00:00 +0530 Wed, 25 Jan 2012 11:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99091 Section 15A governs applications to investigate the possibility of restarting an industrial undertaking in liquidation where its business is not being continued, including where closure has lasted several years. The governmental opinion required for such investigation is subjective but must be based on relevant material rationally connected with statutory objectives, including production, supply, distribution and public interest. Prior notice or hearing is not required before authorising an investigation where the statute does not prescribe it and the authorisation itself creates no adverse civil consequence. Legislative policy and statutory criteria guide the power, addressing concerns of arbitrary discretion and unequal treatment. Case-Laws Companies Law Tue, 04 Jul 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99091