Order of arrest after lapse of period specified in order under Cos. Act, 2013 was illegal: HC

CL : Where Competent Authority vide its order dated 20-6-2018 directed SFIO to conduct an investigation under section 212 into affairs of subject entities, i.e., 120 companies in public interest and period specified by Competent Authority in said order lapsed on 19-9-2018, but SFIO was unable to complete its investigation into affairs of subject entities, within period of three months stipulated therein, order of arrest of applicants by SFIO on 10-12-2018 when period specified in said order date

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