https://www.taxtmi.com/caselaws?id=395119 The Tribunal dismissed the petition as the petitioner failed to prove grounds for investigation into the respondent-company's affairs. The petitioner's claim was time-barred, lacking the standing to file the petition. Allegations of fraud and statutory violations were unsubstantiated, not warranting an investigation. The Tribunal emphasized that authorities should take action if irregularities exist, but mere allegations based on financial statements are insufficient for an investigation order. en-us Fri, 21 Feb 2020 00:00:00 +0530 Thu, 07 May 2020 09:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395119 The Tribunal dismissed the petition as the petitioner failed to prove grounds for investigation into the respondent-company's affairs. The petitioner's claim was time-barred, lacking the standing to file the petition. Allegations of fraud and statutory violations were unsubstantiated, not warranting an investigation. The Tribunal emphasized that authorities should take action if irregularities exist, but mere allegations based on financial statements are insufficient for an investigation order. Case-Laws Companies Law Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395119