Supreme Court · 2019 INSC 691 · Decided 4 June 2019
Hari Sankaran v. Union of India & Others
- Court
- Supreme Court of India
- Citation
- 2019 INSC 691 · [2019] 8 S.C.R. 761
- Case number
- CIVIL APPEAL No. 3747/2019
- Decided
- 4 June 2019
- Bench
- INDU MALHOTRA, M.R. SHAH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 130, 241, 242
Headnote
Companies Act, 1956: s.130 - Exercise of power under - Essential conditions - On 1.10.2018, the Central Government filed a petition under ss.241 and 242 before the Tribunal alleging mismanagement by the Board of IL&FS and the affairs of IL&FS were conducted prejudicial to money was involved, and in the public interest, the Central Government constituted the Serious Fraud Investigation Office (SFIO) and handed over the investigation to SFIO with respect to the affairs of IL&FS and other group companies - SFIO submitted preliminary report to the Central
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