Criminal Action Can Be Initiated By Bank If Account is Declared Fraud even If SARFAESI Proceedings Have Been Invoked: Karnataka HC

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

To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.

Click to Subscribe

If you are already a VIP Member, Click to Login Now

READ ALSO  Supreme Court Round-Up for April 6
Ad 20- WhatsApp Banner

Related Articles

Latest Articles