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2020 (2) TMI 377 - Tri - Companies LawJurisdiction - power of SFIO to investigate the matter - diversion/siphoning of funds - HELD THAT:- When there is siphoning and diversion of funds running into crores, directions issued to the SFIO to investigate should have been followed rather than filing of application for recalling the order, on account of any technical issue of obtaining permission from the Central Government. The same could be done by the SFIO itself as the siphoning of funds is in respect of public money which is noticed in the order dated 04.02.2019 and extracted in the aforesaid order. Needless to say that when huge public money and public interest are involved, Tribunal should in the interest of justice iron out procedural/Technical objections to advance substantial justice - Application dismissed.
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