https://www.taxtmi.com/caselaws?id=199752 The court found that the respondent companies engaged in fraudulent transactions and misconduct in the takeover of Shonk Technologies Ltd. The court determined that there were sufficient grounds to believe that the business was conducted for fraudulent purposes, defrauding STL and the public. Consequently, the court ordered the Central Government to investigate the respondent companies under Section 237(b) of the Companies Act, 1956, to uncover the truth about the transactions and conduct of the companies. The petitions were allowed with these directions. en-us Thu, 20 Apr 2006 00:00:00 +0530 Mon, 12 Mar 2018 10:25:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199752 The court found that the respondent companies engaged in fraudulent transactions and misconduct in the takeover of Shonk Technologies Ltd. The court determined that there were sufficient grounds to believe that the business was conducted for fraudulent purposes, defrauding STL and the public. Consequently, the court ordered the Central Government to investigate the respondent companies under Section 237(b) of the Companies Act, 1956, to uncover the truth about the transactions and conduct of the companies. The petitions were allowed with these directions. Case-Laws Companies Law Thu, 20 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199752