https://www.taxtmi.com/caselaws?id=104260 The Court dismissed the company petition seeking an investigation into the company's affairs under section 237(a)(ii) of the Companies Act, 1956. The Court clarified its role in declaring the need for an investigation by an Inspector appointed by the Central Government, rather than directly ordering the investigation. Emphasizing the importance of impleading the company and its key personnel in such petitions, the Court highlighted the jurisdiction of the Company Law Board (CLB) in handling company investigation matters. It advised the petitioner to approach the CLB first before seeking relief from the Court, underscoring the procedural requirements and the role of specialized statutory bodies in company investigations. en-us Mon, 04 Oct 1999 00:00:00 +0530 Tue, 28 Feb 2012 14:19:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104260 The Court dismissed the company petition seeking an investigation into the company's affairs under section 237(a)(ii) of the Companies Act, 1956. The Court clarified its role in declaring the need for an investigation by an Inspector appointed by the Central Government, rather than directly ordering the investigation. Emphasizing the importance of impleading the company and its key personnel in such petitions, the Court highlighted the jurisdiction of the Company Law Board (CLB) in handling company investigation matters. It advised the petitioner to approach the CLB first before seeking relief from the Court, underscoring the procedural requirements and the role of specialized statutory bodies in company investigations. Case-Laws Companies Law Mon, 04 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104260