The petitioners filed writ petitions seeking to quash multiple FIRs, charge sheets, prosecution complaints, and proceedings under various acts (Prevention of Corruption Act, Indian Penal Code, Prevention of Money Laundering Act, Fugitive Economic Offenders Act, Companies Act, Black Money Act) arising from alleged financial irregularities and a total defalcation amount of Rs. 5383 crores as per the FIR. These proceedings stemmed from outstanding dues to lender banks, for which One Time Settlements (OTS) were also considered.
Writ Petition (Criminal) No. 37 of 2020 was filed by Hemant S. Hathi and Writ Petition (Criminal) No. 48 of 2020 by Chetan Jayantilal & Ors. against the Central Bureau of Investigation & Ors.
The petitions sought to set-aside/quash FIRs and further criminal proceedings, including those arising from FIR RC 8(A)/AC-III/2017 dated 30.08.2017, FIR RC/BD1/2017/E/0007 dated 25.10.2017, ECIR/HQRS/15/2017, and ECIR/HIU/17/2017.
The proceedings involved allegations under the Prevention of Corruption Act, Indian Penal Code, Prevention of Money Laundering Act, Fugitive Economic Offenders Act, Companies Act, and Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act.
The initial alleged amount of defalcation in the FIR was Rs. 5383 crores.
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The petitioners filed writ petitions seeking to quash multiple FIRs, charge sheets, prosecution complaints, and proceedings under various acts (Prevention of Corruption Act, Indian Penal Code, Prevention of Money Laundering Act, Fugitive Economic Offenders Act, Companies Act, Black Money Act) arising from alleged financial irregularities and a total defalcation amount of Rs. 5383 crores as per the FIR. These proceedings stemmed from outstanding dues to lender banks, for which One Time Settlements (OTS) were also considered.
Writ Petition (Criminal) No. 37 of 2020 was filed by Hemant S. Hathi and Writ Petition (Criminal) No. 48 of 2020 by Chetan Jayantilal & Ors. against the Central Bureau of Investigation & Ors.
The petitions sought to set-aside/quash FIRs and further criminal proceedings, including those arising from FIR RC 8(A)/AC-III/2017 dated 30.08.2017, FIR RC/BD1/2017/E/0007 dated 25.10.2017, ECIR/HQRS/15/2017, and ECIR/HIU/17/2017.
The proceedings involved allegations under the Prevention of Corruption Act, Indian Penal Code, Prevention of Money Laundering Act, Fugitive Economic Offenders Act, Companies Act, and Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act.
The initial alleged amount of defalcation in the FIR was Rs. 5383 crores.
…Court passed an order…
Learned Solicitor…
Sign in to view related legal provisions.