ROHTAS INDUSTRIES Vs. S D AGARWAL

JUDGEMENT

(1.) The only question that arises for decision in these appeals by special leave, is whether the order made by the Central Government in No. 2(4)CL.I/63, Government of India, Ministry of Commerce and Industry Department of Company Law Administration on April 11, 1968 is liable to be struck down as not having been made in accordance with law.

(2.) The appellant in these appeals is a company incorporated under the Indian Companies Act 1913 having its registered office at Dalmia Nagar, Shahbad District Bihar State. It is manufacturing paper, cement, sugar, vanaspati and other articles. Its authorised capital is rupees 15 crores and the paid up capital little more than six crores. It was incorporated in the year 1933.

(3.) The time granted to the Inspector has been repeatedly extended. For one reason or the other the investigation directed is still in its initial stage. The various extensions given for completing the investigation are also challenged in some of the appeals. But that contention was not debated before us. Hence it is not necessary to consider that question