Investigation can be assigned to SFIO during pendency of proceeding u/s. 210 of Companies Act: Karnataka HC

Exalogic Solutions Private Limited Vs Director (Karnataka High Court) Karnataka High Court held that during the pendency of proceedings u/s. 210 of the Companies Act, 2013, Serious Fraud Investigation Office (SFIO) can be assigned with the investigation, u/s. 212 of the Companies Act. Facts- The petitioner, claiming to be a one person company incorporated in the year 2014, is before this Court seeking a direction to call for records and quash order dated 31-01-2024 passed by the 1st respondent/Director, Serious Fraud Investigation Office (‘SFIO’). The petitioner alleges that during the pen...