https://www.taxtmi.com/caselaws?id=196913 The Bench dismissed the company petition under section 237 seeking the opinion for the initiation of an investigation by the Central Government. It found the petitioners did not qualify under section 237 (b) of the Companies Act as they were not members, creditors, or directly affected by the company's affairs. The Bench clarified that the accused party must be heard before passing investigation orders, unlike the petitioner's argument citing a High Court decision under the Competition Act. All pending applications were closed, and no costs were imposed despite the petitioner's frustration. en-us Wed, 18 Dec 2013 00:00:00 +0530 Tue, 19 Dec 2017 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196913 The Bench dismissed the company petition under section 237 seeking the opinion for the initiation of an investigation by the Central Government. It found the petitioners did not qualify under section 237 (b) of the Companies Act as they were not members, creditors, or directly affected by the company's affairs. The Bench clarified that the accused party must be heard before passing investigation orders, unlike the petitioner's argument citing a High Court decision under the Competition Act. All pending applications were closed, and no costs were imposed despite the petitioner's frustration. Case-Laws Companies Law Wed, 18 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196913