RAJA NARAYANLAL BANSILAL vs MANECK PHIROZ MISTRY AND ANOTHER.

The Supreme Court held that an Inspector appointed under Section 138 of the Indian Companies Act, 1913, is deemed to be appointed under Section 235 of the Indian Companies Act, 1956, thereby granting him authority to issue notices under Section 240 of the new Act. The Court ruled that the provisions for the production of documents and evidence under Section 240 do not violate Article 20(3) of the Constitution, nor do they infringe upon the guarantee of equal protection under Article 14. The judgment affirmed the validity of the Inspector's actions and the applicability of the new Act's provisions to ongoing investigations.