SC Dismisses SFIO Probe Plea for Delay and Lack of Statutory Satisfaction

Karanartham Viramah Foundation Vs Additional Director & Ors. (Supreme Court of India) The Supreme Court dismissed the Special Leave Petition challenging the Delhi High Court’s decision that had set aside an order of the Central Government directing a Serious Fraud Investigation Office (SFIO) investigation under Section 212(1)(c) of the Companies Act, 2013. The Court noted at the outset that an earlier challenge to the same High Court order had already been dismissed by the Supreme Court in 2018, not only on the ground of delay but also on merits. The present petition was found to be dela...