1999 (10) TMI 632 - HC - Companies Law

Summary

The petitioner sought a declaration for investigation into the affairs of a company under section 237(a)(ii) of the Companies Act, 1956. The court held that the power to order investigation now lies with the CLB, not the Central Government, as per the amendment in 1988. The petition was dismissed, with the petitioner advised to approach the CLB under section 237(b) for investigation.