SC sets aside HC order staying SFIO probe into 9 companies related to Sahara group

SC sets aside HC order staying SFIO probe into 9 companies related to Sahara group

The apex court observed that the high court was "not justified" in staying the investigation in the matter.

PTIUpdated: Thursday, May 26, 2022, 12:32 PM IST
article-image
Supreme Court of India | PTI

The Supreme Court on Thursday set aside a Delhi High Court order staying the Serious Fraud Investigation Office (SFIO) probe into nine companies related to the Sahara group.

A vacation bench of justices D Y Chandrachud and Bela M Trivedi allowed the appeal filed by the SFIO against the high court order.

The apex court observed that the high court was "not justified" in staying the investigation in the matter.

The SFIO, a statutory corporate fraud investigating agency, had filed an appeal in the top court against the December 13, 2021 order of the Delhi High Court staying all subsequent actions and proceedings, including coercive measures and lookout notices, against the Sahara group chief and others.

The high court had also stayed the operation and implementation of two orders of the SFIO for an investigation into nine companies related to the Sahara group.

RECENT STORIES

Mumbai: POCSO Court Sentences 2 Men To 10 Years In Prison For Eve-Teasing & Sexual Harassment Of...

Mumbai: POCSO Court Sentences 2 Men To 10 Years In Prison For Eve-Teasing & Sexual Harassment Of...

Bombay High Court Upholds ₹3 Crore Compensation & Monthly Maintenance Under Domestic Violence Act

Bombay High Court Upholds ₹3 Crore Compensation & Monthly Maintenance Under Domestic Violence Act

Bombay High Court Questions Panvel Municipal Corporation's Retroactive Property Tax Demand

Bombay High Court Questions Panvel Municipal Corporation's Retroactive Property Tax Demand

Residents Cannot Be Penalised For Authorities' Delay In Executing Public Amenities Works: Bombay...

Residents Cannot Be Penalised For Authorities' Delay In Executing Public Amenities Works: Bombay...

Bombay HC Asks Govt To Make State Mental Health Authority Fully Functional, Set Up 6 More Halfway...

Bombay HC Asks Govt To Make State Mental Health Authority Fully Functional, Set Up 6 More Halfway...