https://www.taxtmi.com/caselaws?id=185724 The High Court found the stay order on winding up proceedings based on pending investigations under Sections 235/237 of the Companies Act to be erroneous as no inspectors were appointed, and no parallel investigation by the Central Government was ongoing. The case was remanded for disposal on its merits, emphasizing that investigations under the Act may not substitute winding up proceedings in court due to the discretionary nature of the Central Government's power to direct such investigations. en-us Tue, 30 Jan 1979 00:00:00 +0530 Wed, 24 Aug 2016 15:01:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185724 The High Court found the stay order on winding up proceedings based on pending investigations under Sections 235/237 of the Companies Act to be erroneous as no inspectors were appointed, and no parallel investigation by the Central Government was ongoing. The case was remanded for disposal on its merits, emphasizing that investigations under the Act may not substitute winding up proceedings in court due to the discretionary nature of the Central Government's power to direct such investigations. Case-Laws Indian Laws Tue, 30 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185724