1997 (11) TMI 544

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....Rani Chhabra, Advocates, with him) for the Petitioners. K.N Bhat, Additional Solicitor General, Rajinder Sachar, (M.P Shorawala, Ms Anil Katiyar, Mahesh Srivastava, Ravi Kant, V.D Khanna and Nirmala Gupta, R.C Verma, Prashant Chaudhary, R.B Misra, Ms Madhu Moolchandani and Umesh Bhagwat, for the Respondents. JUDGMENT 1. This matter has been pending in this Court for quite some time. The f....

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....dful done since it is primarily for the Executive to correct this aberration. However, we find that nothing significant has been done by any of these agencies so far inasmuch as there is no indication given as yet on behalf of the Central Government of any step being taken to even examine the action, if any, required to be taken for exercise of its powers under the Companies Act. The allegations m....

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....n on their part which was the occasion for the filing of this writ petition and, therefore, the Court invoking its jurisdiction under Article 32 read with Article 142 of the Constitution to find a proper solution in a matter of this kind involving large public interest and a very large number of persons whose interest appears to have been adversely affected on account of the alleged acts and omiss....

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.... the Company and give its report with particular reference to the details sought from the Company in our order dated 20-10-1997. M/s A.F Ferguson & Co., Delhi is appointed for the purpose. The fees and expenses are to be paid by the Company. A sum of Rs. 5 lakhs on account be deposited by the Company within two weeks. 4. A copy of the orders made by this Court and copy of the writ petition be s....