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2019 (2) TMI 1855 - HC - Companies LawPrinciples of natural justice - necessary information as sought by respondent no.3 not provided - only contention urged on behalf of the petitioners for assailing the above order is that the petitioner company has not been afforded an opportunity to be heard as required under Section 234 (7) of Companies Act - HELD THAT:- This Court cannot be oblivious of the fact that there are serious allegations against the petitioner company and several complaints were received. The petitioner company has been duly informed of the allegations that it had accepted money from public for allotment of land /plot/development of infrastructure and had failed to discharge its obligations. It is also alleged that the money collected by the petitioner company amounted to the petitioner company floating a collective investment scheme. The impugned order dated 27.03.2012 is set aside - It is directed that the present petitions will be treated as a representation by the Registrar of Companies, who shall afford the petitioner company an opportunity of being heard - Petition allowed by way of remand.
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