https://www.taxtmi.com/caselaws?id=103775 The Court issued comprehensive directions to protect investors from fraudulent Plantation Companies, including freezing bank accounts, appointing auditors for investigation, and attaching properties of the respondents to prevent fund diversion. The Court emphasized the need for regulatory measures and urged the Central and State Governments to enact appropriate legislation promptly. The investigation revealed mismanagement by the respondent company's directors. The matter was adjourned for further proceedings. en-us Tue, 06 Oct 1998 00:00:00 +0530 Fri, 24 Feb 2012 16:00:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103775 The Court issued comprehensive directions to protect investors from fraudulent Plantation Companies, including freezing bank accounts, appointing auditors for investigation, and attaching properties of the respondents to prevent fund diversion. The Court emphasized the need for regulatory measures and urged the Central and State Governments to enact appropriate legislation promptly. The investigation revealed mismanagement by the respondent company's directors. The matter was adjourned for further proceedings. Case-Laws Companies Law Tue, 06 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103775