https://www.taxtmi.com/caselaws?id=776627 The HC upheld the Company Court's jurisdiction to direct the SFIO to investigate the company's affairs under Section 212 of the Companies Act, 2013. The court found credible evidence of systematic siphoning of assets by promoters, warranting urgent investigation. Despite procedural concerns about commencing proceedings during a status quo order, the court prioritized the merits due to serious allegations and government concurrence on the need for investigation. The appeals were dismissed, and the SFIO was directed to complete its preliminary investigation within two months and report to the Company Court for further proceedings. en-us Thu, 31 Jul 2025 00:00:00 +0530 Thu, 14 Aug 2025 08:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776627 The HC upheld the Company Court's jurisdiction to direct the SFIO to investigate the company's affairs under Section 212 of the Companies Act, 2013. The court found credible evidence of systematic siphoning of assets by promoters, warranting urgent investigation. Despite procedural concerns about commencing proceedings during a status quo order, the court prioritized the merits due to serious allegations and government concurrence on the need for investigation. The appeals were dismissed, and the SFIO was directed to complete its preliminary investigation within two months and report to the Company Court for further proceedings. Case-Laws Companies Law Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776627