Sanctioning Authority Acted as a Mere Rubber Stamp: Allahabad High Court Quashes Prosecution Sanction in Axis Bank Fraud Case

The Allahabad High Court, Lucknow Bench, has quashed the prosecution sanction order and discharge rejection order in a case involving alleged fraudulent transactions of over ₹22 crore from the account of SHIATS (Sam Higginbottom Institute of Agriculture, Technology and Sciences) maintained at Axis Bank. The Court observed that the sanctioning authority acted as a “mere

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