9911796707
TMI Blog1997 (11) TMI 544X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 fact that such a matter had to be entertained by this C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orrect 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 made in this writ petition, if found to be true, sugges ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 omissions of the Company in question. We had expected that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ence 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 ₹ 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 supplied to the Chartered Accountants. Their report ..... X X X X Extracts X X X X X X X X Extracts X X X X
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