2000 (7) TMI 910

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....rusal of the record shows that petitioner No. 1 was registered as a company in 1920-21 for development of the colony/city near the then town of Malout Mandi (now District Amritsar). Petitioner No. 2 is its elected President. For achieving the objects set out in its memorandum of association, petitioner No. 1 acquired land and developed it into a township having hostels, guest houses, schools, colleges, residential buildings, etc. Later on, some of the buildings were given to the administration for being used as residence of the officers of different categories. After extension of municipal limits of Malout Mandi, the roads, drainage and electric supply were transferred from petitioner No. 1 to the Municipal Committee. In respect of the hous....

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....c interest. In their replication, the petitioners have not only reiterated their plea that the order passed by respondent No. 2 is vitiated by lack of jurisdiction but have also denied the allegation of irregularities levelled by respondents Nos. 1 and 2. We have heard learned counsel for the parties. The main issue which merits consideration by the court is whether respondent No. 2 had the jurisdiction to order an enquiry into the affairs/ working of petitioner No. 1. The petitioners, as already mentioned above, have challenged the order passed by respondent No. 2 on the premise that the memorandum of association/articles of association of petitioner No. 1 does not empower the Deputy Commissioner to get an enquiry conducted into its wor....