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Quashing of FIR against ex-director of ILFS cannot be presumed as a ‘Clean Chit’
Case Law Details
- Case Name
- Ravi Parthasarthy and Ors. vs. State of Tamil Nadu
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
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Ravi Parthasarthy and Ors. vs. State of Tamil Nadu
Conclusion: The FIR against the ex-director of IL&FS was quashed as when SFIO was probing the case, no other investigative agency was empowered to investigate into the affairs of IL & FS and its subsidiary companies for any offences under the Companies Act but the same did not allow a clean chit to assessee herein, as persons who was beyond a pale of doubt.
Held: Assessee contended that he could not be proceeded with under the TNPID Act in view of the bar u/s 212 of the Companies Act relating to investigation by SFIO and once investig...
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