https://www.taxtmi.com/caselaws?id=373223 The court examined the challenge to the investigation power under Section 212(3) of the Companies Act and the alleged illegal arrest. The petitioner argued that the investigation exceeded the prescribed time limit, rendering his arrest unlawful. The Additional Solicitor General defended the investigation's extension due to financial irregularities. The court noted the independence of investigation and arrest powers under the Companies Act, scheduling a hearing for further submissions by both parties. en-us Fri, 04 Jan 2019 00:00:00 +0530 Wed, 09 Jan 2019 06:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373223 The court examined the challenge to the investigation power under Section 212(3) of the Companies Act and the alleged illegal arrest. The petitioner argued that the investigation exceeded the prescribed time limit, rendering his arrest unlawful. The Additional Solicitor General defended the investigation's extension due to financial irregularities. The court noted the independence of investigation and arrest powers under the Companies Act, scheduling a hearing for further submissions by both parties. Case-Laws Companies Law Fri, 04 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373223