Can the Central Government order an SFIO investigation mechanically? The Hon’ble Delhi High Court says no.

In a significant judgment concerning the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID Act), the Bombay High Court refused to quash criminal proceedings against builders accused of allegedly selling the same areas of flats to multiple purchasers and relying on fabricated building plans.

The SFIO filed a prosecution against Vivo India and several other accused alleging offences under Sections 447, 448 and other provisions of the Companies Act, 2013. Before the Special Court could take cognizance, Vivo sought a pre-cognizance hearing by relying upon the first proviso to Section 223 BNSS.

Bombay HC ruled that PMLA provisional attachment orders expire after 180 days, unaffected by COVID-19 limitation extensions. Adjudication proceedings remain valid.

Discover the intricate details of the ECIR in "Gamekraft" case quashed by the Karnataka High Court. Learn how ECIR proceedings were challenged and overturned.

Explore how the Bombay High Court quashed PMLA proceedings, emphasizing that property bought before the scheduled offence isn't proceeds of crime.

This case addresses the conflict between the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016), specifically Section 32A, and the attachment of assets by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002 (PMLA, 2002).

The Serious Fraud Investigation Office (SFIO) is India’s premier agency for investigating corporate fraud under the Companies Act, 2013. While Section 212 of the Companies Act is the primary legal provision that grants SFIO its investigative powers, several other provisions complement and reinforce its authority. Understanding these interconnected legal provisions helps in decoding how corporate fraud investigations work in India. Let’s break it down in simple terms.

(i) Introduction This briefing article concerns a batch of sixteen criminal appeals before the Hon’ble Hon’ble Supreme Court of India in the year 2025, specifically Criminal Appeal No. of 2025 (@ Special Leave Petition (Criminal) No. 13956 of 2023), with the Serious Fraud Investigation Office (SFIO) as the Appellant and Aditya Sarda as the Respondent, along with several other connected appeals. All these appeals are interconnected and arise from proceedings in CIS No. COMA/5/