Freeze order untenable as appellant is not connected to the alleged crime

Advertisement Jermyn Capital LLC Dubai Vs Central Bureau Of Investigation (Supreme Court of India) Supreme Court held that as appellant company and accused are two separate entities and appellant company is not connected to the alleged crime, the freeze order against the appellant company’s property is not legally tenable. Facts- The appellant company is a Foreign Institutional Investor and was permitted by the Securities and Exchange Board of India (SEBI) to buy and sell shares and securities in the Indian Stock Market. However, due to certain litigations, the appellant company had quit ...