https://www.taxtmi.com/caselaws?id=101465 The High Court of Bombay allowed the writ petition, ruling that the Company Law Board's order directing an investigation into the petitioner-company's affairs was arbitrary and lacked a reasonable basis. The court found the order was not based on sufficient material and lacked a reasonable basis, striking down the impugned order and making the rule absolute with no order as to costs. en-us Wed, 17 Dec 1986 00:00:00 +0530 Thu, 09 Feb 2012 18:01:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101465 The High Court of Bombay allowed the writ petition, ruling that the Company Law Board's order directing an investigation into the petitioner-company's affairs was arbitrary and lacked a reasonable basis. The court found the order was not based on sufficient material and lacked a reasonable basis, striking down the impugned order and making the rule absolute with no order as to costs. Case-Laws Companies Law Wed, 17 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101465