The Karnataka high court has ruled that the CBI can investigate a complaint registered by a bank against a company and its directors for the offence of cheating and for criminal conspiracy even if proceedings under the SARFAESI Act and after recovery certificate. In this case, the petitioner company and its directors had challenged the
Criminal Action Can Be Initiated By Bank If Account is Declared Fraud even If SARFAESI Proceedings Have Been Invoked: Karnataka HC
