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2020 Supreme(Telangana) 822

A.RAJASEKHAR REDDY
Karvy Stock Broking Limited – Appellant
Versus
Union of India – Respondent


Advocates:
Advocate Appeared:
For the Appellants : S. Niranjan Reddy, Avinash Desai.
For the Respondent: N. Rajeshwar Rao.

ORDER :

1. Since the issue involved in both the writ petitions is connected and the parties are same, they are heard together and are being disposed of by this common order.

2. The petitioner in both the writ petitions is M/s. Karvey Stock Broking Limited and it is represented by its Vice President (Legal) Mr. Ch. Viswanath.

3. The 2nd respondent-Office of Director General, Ministry of Corporate Affairs, represented by its Joint Director, in exercise of jurisdiction under Section 212 (1) (a) and (c) of the Companies Act, 2013 (for short ‘the Act’) ordered investigation into the affairs of the petitioner-company in the public interest, vide Order No. 07/341/2015-CL II (SER) dated 27-02-2020. In pursuance of the order dated 27.02.2020, the Investigating Officer issued notice dated 16.06.2020 under Section 217 of the Act calling for information, and vide communication dated 19.06.2020, intimated the petitioner to strictly comply with Section 217 of the Act, with a default clause.

4. Challenging the order passed by the 2nd respondent under Section 212 (1) (a) and (c) of the Act dated 27.02.2020, petitioner-company filed W.P. No. 5024 of 2020, and challenging the consequential notices issue

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