https://www.taxtmi.com/caselaws?id=759366 NCLT Delhi dismissed petition seeking appointment of inspector to investigate respondent companies under Section 213(b) of Companies Act, 2013. Petitioner failed to substantiate allegations of fraudulent conduct with material documents. Tribunal found no prima facie case established that respondent companies' affairs were conducted fraudulently or for unlawful purposes. Petition dismissed in limine as petitioner could not satisfy statutory requirements demonstrating intent to defraud creditors, members, or others. Court advised one respondent to complete account adjustment within 15 days. en-us Wed, 07 Feb 2024 00:00:00 +0530 Fri, 27 Sep 2024 17:49:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759366 NCLT Delhi dismissed petition seeking appointment of inspector to investigate respondent companies under Section 213(b) of Companies Act, 2013. Petitioner failed to substantiate allegations of fraudulent conduct with material documents. Tribunal found no prima facie case established that respondent companies' affairs were conducted fraudulently or for unlawful purposes. Petition dismissed in limine as petitioner could not satisfy statutory requirements demonstrating intent to defraud creditors, members, or others. Court advised one respondent to complete account adjustment within 15 days. Case-Laws Companies Law Wed, 07 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759366