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 said the Sahara companies made out a prima facie case for grant of interim relief, and the balance of convenience was also in their favour. In the High Court, Sahara had argued that no reasons were given for the necessity of an SFIO probe into companies like Aamby Valley Ltd., Qing Amby City Developers Corporation Ltd., Sahara India Commercial Corporation Ltd., Sahara Prime City Ltd., Sahara India Financial Corporation Ltd., and Sahara India Real Estate Corporation Ltd.

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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 …

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 …

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 …

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 …

SFIO Not Barred From Investigating IPC Offences, Conducting 'Further Probe': Delhi High Court
1 year ago

SFIO Not Barred From Investigating IPC Offences, Conducting 'Further Probe': Delhi High Court

Live Law  

The Delhi High Court has observed that the Serious Fraud Investigation Office is not barred from investigating offences under the Indian Penal Code, 1860, or conducting further investigation in accordance with law after the Investigation Report has been submitted.“From a conjoint and harmonious reading of the relevant provisions of the CrPC and the present Act, as quoted hereinabove,. The Delhi …

Supreme Court Weekly Round-Up: May 23 To May 29, 2022
2 years, 6 months ago

Supreme Court Weekly Round-Up: May 23 To May 29, 2022

Live Law  

Supreme Court Judgements 1. Endosulfan Tragedy :Supreme Court Slams Kerala Govt For Disbursing Compensation To Only 8 Out Of 3704 Victims Case Title: Baiju KG vs Dr VP Joy | CP 244/2021 Citation: 2022 LiveLaw 517 While considering a contempt plea preferred by victims of endosulfan alleging failure on the part of State of Kerala to disburse 5 lakhs compensation, …

SC sets aside Delhi HC order staying probe into 9 Sahara group companies
2 years, 6 months ago

SC sets aside Delhi HC order staying probe into 9 Sahara group companies

India Today  

The Supreme Court on Thursday set aside a Delhi High Court order staying the Serious Fraud Investigation Office probe into nine companies related to the Sahara group. Solicitor general Tushar Mehta, appearing for the SFIO, said that the SFIO probe was investigating transactions amounting to Rs one lakh crore among the companies. The SFIO had filed an appeal in the …

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 …

Investigative Powers Of The SFIO: Understanding The Nuances Involved
3 years, 11 months ago

Investigative Powers Of The SFIO: Understanding The Nuances Involved

Live Law  

On 14th September 2020, the investigation by the Serious Fraud Investigations Office into the affairs of Karvy Stock Broking Limited was stayed vide an interim order of the Telangana High Court, where the division bench observed that various documents were missing from the record and that the procedure under section 206 of the Companies Act, 2013 was not followed. The …

SC stays high court’s gag order on media in Amravati land scam case
4 years ago

SC stays high court’s gag order on media in Amravati land scam case

Live Mint  

NEW DELHI: The Supreme Court on Wednesday stayed the Andhra Pradesh High Court's order barring the media from reporting on the contents of an FIR in the Amravati land scam issue. The apex court bench, headed by Justice Ashok Bhushan, passed the order on a plea filed by the Andhra Pradesh government challenging the 15 September high court order suspending …

Delhi High Court Seeks CBI's Response On Special Court Order For Further Investigation In A Corruption Case Against Maneka Gandhi
4 years, 1 month ago

Delhi High Court Seeks CBI's Response On Special Court Order For Further Investigation In A Corruption Case Against Maneka Gandhi

Live Law  

The Delhi High Court on Friday issued notice to the CBI on BJP MP Maneka Gandhi's plea challenging a trial court order rejecting its closure report in a graft case against her and two others and directing further investigation in the matter. The then Special Judge CBI at Patiala House Courts while contemplating the said closure report directed for reinvestigation …

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