(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. COM

This article summarizes the judgment passed by the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, on 15th May 2025, in the matter of Max Publicity & Communication Pvt. Ltd. vs. Enviro Home Solutions Pvt. Ltd. (Company Appeal (AT) (Insolvency) No. 456 of 2025).

Why the Delhi High Court recently quashed an SFIO probe against Moser Baer.

1.1 Short Introduction The Companies Act, 2013 ¹  provides for the powers and procedure of the investigative arm of Central Government,  Serious Fraud Investigation Office ² . Chapter 14 of the said Act outlines the role of SFIO in terms of Investigation, Searches, Seizure and Arrest. SFIO is relatively a new arm of Investigating Agency of the Central Government. It was formulated as recent as the year 2014. The requirement to bring in a new arm of Central Government is highl

2.1. Inter-connected provisions for Investigation by SFIO Although Section 212 of the Act exclusively and primarily deals with powers of Investigation by SFIO, there are other provisions of the Act that supplement the power as outlined under Section 212 of the Act. The provision can be termed as the “heart” to the Powers of Investigation. It is the core, from which SFIO derives its jurisdiction and authority to investigate into the affairs of any Company. Let us dive into the

The intention to explain the contours of Section 206 of the Companies Act, 2013, in a separate article stems from the significant substance and impact of this provision. While it is indirectly linked to Section 212 of the Act, addressing it first allows for a deeper understanding of nuances of Section 212. Section 206 deals with the - “ Power to call for information, inspect books, and conduct inquiries ”, serving as a mechanism for the Registrar of Companiesto assess a conce

Section 207: Conduct of Inspection and Inquiry Section 207 of the Companies Act, 2013, outlines the manner, mode, and conduct of inspection and inquiry by the Registrar of Companies or the Central Government. This section builds upon the powers granted under Section 206 of the Act to investigate corporate affairs, ensuring compliance, accountability, and transparency. It offers a procedural framework for inquiry and inspection. 4.1 Sub-section (1): Cooperation with Inspection