https://www.taxtmi.com/caselaws?id=370592 Where assets of a company in liquidation remain in the custody of the Company Court, the Court may exercise its inherent powers under Rule 9 of the Company Court Rules, 1959 to issue protective directions, including registration of an FIR, monitoring of investigation, and steps to secure the assets, if the material indicates demolition, removal, theft, or attempted shielding of the real culprits. The Court held that such limited directions do not amount to impermissible interference with police investigation when they are necessary to prevent abuse of process and protect the liquidation estate. The Court also found prima facie false statements by public and directed issuance of notices under section 340 CrPC for consideration of action. en-us Mon, 12 Nov 2018 00:00:00 +0530 Tue, 20 Nov 2018 07:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370592 Where assets of a company in liquidation remain in the custody of the Company Court, the Court may exercise its inherent powers under Rule 9 of the Company Court Rules, 1959 to issue protective directions, including registration of an FIR, monitoring of investigation, and steps to secure the assets, if the material indicates demolition, removal, theft, or attempted shielding of the real culprits. The Court held that such limited directions do not amount to impermissible interference with police investigation when they are necessary to prevent abuse of process and protect the liquidation estate. The Court also found prima facie false statements by public and directed issuance of notices under section 340 CrPC for consideration of action. Case-Laws Companies Law Mon, 12 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370592