https://www.taxtmi.com/caselaws?id=104964 Section 237(a)(ii) of the Companies Act, 1956 was treated as a discretionary court power to seek investigation into a company's affairs, but the amended Section 237(b) vested the power to order investigation in the Company Law Board. On allegations of improper accounts, unauthorised business activities and mismanagement, the Court declined to exercise its own discretion because an alternative statutory forum was available for the same relief. The request for a declaration directing investigation by the Central Government was therefore refused, leaving the petitioner free to proceed under Section 237(b). en-us Mon, 04 Oct 1999 00:00:00 +0530 Thu, 01 Mar 2012 18:43:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104964 Section 237(a)(ii) of the Companies Act, 1956 was treated as a discretionary court power to seek investigation into a company's affairs, but the amended Section 237(b) vested the power to order investigation in the Company Law Board. On allegations of improper accounts, unauthorised business activities and mismanagement, the Court declined to exercise its own discretion because an alternative statutory forum was available for the same relief. The request for a declaration directing investigation by the Central Government was therefore refused, leaving the petitioner free to proceed under Section 237(b). Case-Laws Companies Law Mon, 04 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104964