https://www.taxtmi.com/caselaws?id=472044 Section 15A of the Industries (Development and Regulation) Act, 1951 permits investigation into restarting an industrial undertaking owned by a company in liquidation when its business is not continuing at the time the prescribed opinion is formed, regardless of the duration of closure. The required opinion must rest on material rationally connected to public interest and to production, supply or distribution. No prior hearing is required because an investigation only examines the possibility of restarting and imposes no immediate adverse civil consequence. Section 15A contains sufficient legislative guidance and does not offend Article 14; failed commercial negotiations or prior proceedings alone do not establish mala fides. en-us Tue, 04 Jul 1972 00:00:00 +0530 Mon, 28 Sep 2026 15:22:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472044 Section 15A of the Industries (Development and Regulation) Act, 1951 permits investigation into restarting an industrial undertaking owned by a company in liquidation when its business is not continuing at the time the prescribed opinion is formed, regardless of the duration of closure. The required opinion must rest on material rationally connected to public interest and to production, supply or distribution. No prior hearing is required because an investigation only examines the possibility of restarting and imposes no immediate adverse civil consequence. Section 15A contains sufficient legislative guidance and does not offend Article 14; failed commercial negotiations or prior proceedings alone do not establish mala fides. Case-Laws Companies Law Tue, 04 Jul 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472044