Company Belonging To Kerala CM's Daughter Approaches Karnataka High Court Against SFIO Investigation
10 months, 2 weeks ago

Company Belonging To Kerala CM's Daughter Approaches Karnataka High Court Against SFIO Investigation

Live Law  

Exalogic Solutions, an IT company of which Kerala Chief Minister Pinarayi Vijayan's daughter Veena Vijayan is a Director, on Thursday, filed a petition in the Karnataka High Court seeking to quash the order dated January 31, passed by the Union of India directing the Serious Fraud Investigation Office to investigate the company. However, in August 2023, the ROC issued a show cause notice alleging inter-related party transactions in light of the fact that Kerala State Industrial Development Corporation owns 13.4% shareholding of Cochin Minerals and Rutile Ltd and that KSIDC allegedly acted as per the directions of Chief Minister of Kerala, who happens to be the father of the director of the petitioner company. Following this, the order under Section 210 of the Act dated 12.01.2024 was passed by the 2nd Respondent initiating an investigation into affairs of CMRL, KSIDC and the Petitioner. Later on January 31, the impugned order was passed and on February 6, the petitioner company received a Notice dated 02.02.2024 from one of the Inspectors, Prabhu K., appointed under the Impugned Order, directing the production of certain documents.

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History of this topic

Centre Not Powerless To Order SFIO Probe During Ongoing Investigation U/S 210 Of Companies Act 2013: Karnataka High Court
10 months ago

Centre Not Powerless To Order SFIO Probe During Ongoing Investigation U/S 210 Of Companies Act 2013: Karnataka High Court

Live Law  

The Karnataka High Court has held that once an investigation has commenced under Section 210 of Companies Act 2013, the statute does not render the Government of India powerless to assign the probe to the Serious Fraud Investigation Office under Section 212 of the Act. Dealing with these submissions the court referred to Section 212 of the Act and noted …

Cannot shackle Centre for assigning probe against Exalogic to SFIO: Karnataka High Court
10 months ago

Cannot shackle Centre for assigning probe against Exalogic to SFIO: Karnataka High Court

New Indian Express  

BENGALURU: The Karnataka High Court observed that it cannot put shackles on the hands of the central government for assigning the investigation against Exalogic Solutions Private Limited, to the Serious Fraud Investigation Office which was necessitated since the interim report of the Registrar of Companies found serendipity and came across information that would prima facie touch upon skulduggery. Justice M …

Congress, BJP welcome Karnataka HC order dismissing plea of Kerala CM's daughter's firm
10 months, 1 week ago

Congress, BJP welcome Karnataka HC order dismissing plea of Kerala CM's daughter's firm

Hindustan Times  

The Congress and the BJP in Kerala on Friday welcomed the Karnataka High Court's dismissal of a plea challenging a probe against the firm owned by Chief Minister Pinarayi Vijayan's daughter Veena T. Karnataka high court. While the Congress leaders claimed that the firm had moved the high court as Vijayan is afraid of the investigation, the BJP said the …

Karnataka HC dismisses petition filed by company owned by Kerala CM daughter that challenged probe against shady transactions
10 months, 1 week ago

Karnataka HC dismisses petition filed by company owned by Kerala CM daughter that challenged probe against shady transactions

Op India  

In a setback to Veena Vijayan, the daughter of Kerala Chief Minister Pinarayi Vijayan, the Karnataka High Court on Friday dismissed the petition filed by Exalogic Solutions Private Limited of which she is a director. Investigation revealed that Rs 135 crores was given by Cochin Minerals and Rutile Ltd to various political functionaries and Rs 1.72 crores was paid by …

CMRL money transactions: Kerala HC expresses displeasure with Centre over staying mum on SFIO probe
11 months ago

CMRL money transactions: Kerala HC expresses displeasure with Centre over staying mum on SFIO probe

New Indian Express  

KOCHI: The Kerala High Court on Wednesday expressed dissatisfaction with the Union government for failing to apprise the court of the status of the Serious Fraud Investigation Office probe into the alleged illegal financial transactions involving Cochin Minerals and Rutile Ltd, Chief Minister Pinarayi Vijayan’s daughter Veena T's software firm and some politicians. The court conveyed its displeasure during the …

Company Owned By Kerala CM's Daughter Being Probed Under Companies Act, Centre Informs Kerala High Court
11 months ago

Company Owned By Kerala CM's Daughter Being Probed Under Companies Act, Centre Informs Kerala High Court

Live Law  

The Ministry of Corporate Affairs informed the Kerala High Court that the company owned by the daughter of Kerala Chief Minister Pinarayi Vijayan is under investigation.The counsel appearing for the Central Government orally told the Court that an order has been issued under Section 210 of the Companies Act 2013 to investigate the affairs of Exalogic Solutions Ltd, an IT …

PMLA | Freezing Order Under Section 17(1-A) Not Valid If ECIR Quashed & FIR Not Registered: Kerala High Court
1 year, 2 months ago

PMLA | Freezing Order Under Section 17(1-A) Not Valid If ECIR Quashed & FIR Not Registered: Kerala High Court

Live Law  

The Kerala High Court recently laid down that where the Enforcement Case Information Report has been quashed and no subsequent FIR has been registered against the accused, further proceedings under the Prevention of Money Laundering Act shall be dropped and an order issued under Section 17 would not stand. The counsel argued that since Section 420 IPC is one of …

Special Judge Under PC Act Can't Direct Investigating Agency To Obtain Prosecution Sanction While Ordering Further Investigation: Kerala High Court
1 year, 10 months ago

Special Judge Under PC Act Can't Direct Investigating Agency To Obtain Prosecution Sanction While Ordering Further Investigation: Kerala High Court

Live Law  

The Kerala High Court recently held that the Special Judge, exercising jurisdiction under the Prevention of Corruption Act, 1988, is not empowered to direct the investigating agency to obtain sanction under Section 19 for prosecution of the accused while ordering further investigation under Section 173 Cr.P.C. However, the Special Judge ordered the investigating officer to conduct further investigation as well …

Supreme Court sets aside Delhi High Court order staying SFIO probe into companies related to Sahara group
2 years, 6 months ago

Supreme Court sets aside Delhi High Court order staying SFIO probe into companies related to Sahara group

The Hindu  

The Supreme Court on Thursday set aside a Delhi High Court order staying a Serious Fraud Investigation Office probe into several companies related to the Sahara group. SG’s apprehension Arguing the appeal, Solicitor General Tushar Mehta had expressed apprehensions about the fate of the probe following the High Court order, saying it would cause serious prejudice. The High Court had …

Supreme Court Sets Aside HC Order Staying SFIO Probe Against Sahara Group Companies
2 years, 6 months ago

Supreme Court Sets Aside HC Order Staying SFIO Probe Against Sahara Group Companies

Live Law  

The Supreme Court on Thursday allowed the petitions filed by the Serious Fraud Investigation Office challenging the Delhi High Court order staying the investigation against Sahara group companies.A vacation bench comprising Justices DY Chandrachud and Bela M Trivedi observed that the stalling of the investigation at the interim stage was unwarranted. The Supreme Court on Thursday allowed the petitions filed …

Karnataka HC Refuses To Quash Corruption Case Against Former CM H D Kumarswamy [Read Order]
4 years, 2 months ago

Karnataka HC Refuses To Quash Corruption Case Against Former CM H D Kumarswamy [Read Order]

Live Law  

The Karnataka High Court has refused to quash a criminal case registered against former Chief Minister, H D Kumarswamy, alleging that he denotified two different plots of land acquired by the Bangalore Development Authority, during his tenure as Chief Minister between June 2006 and October 2007, for pecuniary gains. Prosecution argued: Special Public Prosecutor Venkatesh S. Arbatti, submitted that all …

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