https://www.taxtmi.com/caselaws?id=782098 Section 213 of the Companies Act, 2013 permits investigation into a company's affairs where the Tribunal is satisfied that prima facie material discloses good reasons for inquiry, and conclusive proof is not required at that stage. On the facts discussed, Observer reports and pleaded allegations of related-party lending, concessional and unsecured loans, suspected siphoning of funds, questionable purchase of luxury vehicles, and possible record fabrication were treated as sufficient to justify investigation. The Tribunal also held that it was not functus officio for this limited purpose after the earlier company petition order, and that parallel proceedings before the RBI did not bar investigation, as RBI regulation of an NBFC is distinct from corporate fraud inquiry under the Companies Act. en-us Fri, 21 Nov 2025 00:00:00 +0530 Tue, 25 Nov 2025 08:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782098 Section 213 of the Companies Act, 2013 permits investigation into a company's affairs where the Tribunal is satisfied that prima facie material discloses good reasons for inquiry, and conclusive proof is not required at that stage. On the facts discussed, Observer reports and pleaded allegations of related-party lending, concessional and unsecured loans, suspected siphoning of funds, questionable purchase of luxury vehicles, and possible record fabrication were treated as sufficient to justify investigation. The Tribunal also held that it was not functus officio for this limited purpose after the earlier company petition order, and that parallel proceedings before the RBI did not bar investigation, as RBI regulation of an NBFC is distinct from corporate fraud inquiry under the Companies Act. Case-Laws Companies Law Fri, 21 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782098