https://www.taxtmi.com/caselaws?id=314021 Delhi HC issued notice in petition challenging SFIO investigation into Educomp Solutions Limited. Petitioner argued investigation was not in public interest as required under Section 212(1)(c) of Companies Act, 2013, but initiated based on rival group complaint. Court referenced Bombay HC precedent in Parmeshwar Das Aggarwal case, which held investigations initiated by rival groups are vitiated at threshold. Court noted law prohibits entering factual controversies between shareholders of private companies in ongoing litigation. Matter listed for further hearing. en-us Thu, 26 May 2022 00:00:00 +0530 Mon, 13 May 2024 21:31:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314021 Delhi HC issued notice in petition challenging SFIO investigation into Educomp Solutions Limited. Petitioner argued investigation was not in public interest as required under Section 212(1)(c) of Companies Act, 2013, but initiated based on rival group complaint. Court referenced Bombay HC precedent in Parmeshwar Das Aggarwal case, which held investigations initiated by rival groups are vitiated at threshold. Court noted law prohibits entering factual controversies between shareholders of private companies in ongoing litigation. Matter listed for further hearing. Case-Laws Companies Law Thu, 26 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314021