https://www.taxtmi.com/caselaws?id=443012 The Supreme Court allowed the appeal by DBS Bank India Limited and quashed the criminal proceedings against DBS arising from FIR No. 189/2019. The Court held that criminal liability of the officials of the transferor bank (LVB) could not be transferred to DBS post-amalgamation, emphasizing the personal nature of criminal liability. The appeal by Religare Finvest Limited was dismissed, affirming that the criminal liability of LVB officials remains unaffected by the amalgamation. en-us Mon, 11 Sep 2023 00:00:00 +0530 Fri, 15 Sep 2023 08:52:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443012 The Supreme Court allowed the appeal by DBS Bank India Limited and quashed the criminal proceedings against DBS arising from FIR No. 189/2019. The Court held that criminal liability of the officials of the transferor bank (LVB) could not be transferred to DBS post-amalgamation, emphasizing the personal nature of criminal liability. The appeal by Religare Finvest Limited was dismissed, affirming that the criminal liability of LVB officials remains unaffected by the amalgamation. Case-Laws Indian Laws Mon, 11 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443012