The court said that CBI's closure report requires further probe as some "crucial" aspects were not covered during the investigation.
"Perusal of PE (preliminary enquiry) and closure report show that the cart is sort to be placed before the horse. It appears on bare perusal of PE and closure report that the investigating officer(IO) first chose to decide the conclusion and thereafter, he proceeded to prepare his report.
The court also said that a detailed order would be passed in the matter.
During the hearing, the judge pulled up the CBI's IO for not bringing in court the original report of PE conducted in the case and instead producing its photocopy before him.
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"It is beyond comprehension as to how such kind of closure reports are being forwarded by senior officers which clearly shows that even the age-old well established procedures of investigation are not being followed," the court said.
"As rightly stated by SPP the present matter needs further investigation on crucial aspects for which separate order is to be passed," the court said and fixed the case for September 30 for further hearing.
CBI, in September 2012, had registered an FIR against Vikash Metals and Power Limited and its officials, accusing them of making false claims related to land allocation to get undue advantage in the coal block allocation.