(1.) These petitions are filed under Article 226 of the Constitution of India in which the petitioners have challenged the order dated 20.06.2018 passed by respondent No.1 while exercising powers under Section 212 of the Companies Act, 2013 (hereinafter referred to as 'the Act'). By way of amendment, petitioners have also challenged the order of extension dated 13.12.2018 for completing investigation.
(2.) As the issue involved in all these petitions is similar, at the request of learned counsel appearing for the parties, these petitions are being heard together and decided by this common order. However, for the sake of convenience, the facts stated in Special Civil Application No.20840 of 2018 are considered.
(3.) Factual matrix of the present case is as under: