https://www.taxtmi.com/caselaws?id=789374 An investigation order under Section 213(b) of the Companies Act, 2013 must rest on recorded satisfaction that the statutory preconditions are met; absent reasons showing application of mind, the direction is unsustainable. The Tribunal must also first decide any pending preliminary objection, including an order requiring the applicant to establish locus by affidavit, before proceeding to the merits. Failure to address that foundational issue vitiates the order for non-application of mind. The investigation direction was quashed and the matter remitted for fresh consideration after deciding locus and recording due reasons. en-us Fri, 27 Mar 2026 00:00:00 +0530 Tue, 07 Apr 2026 15:08:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789374 An investigation order under Section 213(b) of the Companies Act, 2013 must rest on recorded satisfaction that the statutory preconditions are met; absent reasons showing application of mind, the direction is unsustainable. The Tribunal must also first decide any pending preliminary objection, including an order requiring the applicant to establish locus by affidavit, before proceeding to the merits. Failure to address that foundational issue vitiates the order for non-application of mind. The investigation direction was quashed and the matter remitted for fresh consideration after deciding locus and recording due reasons. Case-Laws Companies Law Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789374