NEW DELHI: Today, the top court allowed the petitions filed by the Serious Fraud Investigation Office SFIO challenging the Delhi High Court orders to stay the investigation against Sahara group companies.
The vacation bench of Justices DY Chandrachud and Bela Trivedi observed that staying the investigation at the interim stage was not correct and entirely unwanted and they set aside the order.
The order says, “It will be inappropriate at this stage to place the burden of reason till the complete probe is over. High Court was not correct in staying the investigation at the interim stage. We allow (present) appeals and set aside the High Court order on stay”
Further, the Apex Court said-
“High Court shall decide the writ petition without any regard to observations made herein. We request the High Court to expeditiously dispose of the case, preferably within 2 months after re-opening after summer vacations,”
The High Court had passed the order stating that the investigation would violate provisions of the Companies Act.
Later, the Supreme Court cleared that decision of theirs will have no impact on the merits of the writ petition pending before the High Court.
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