https://www.taxtmi.com/caselaws?id=443482 The Companies Act, 2013 was treated as a special code for investigation of corporate fraud, and once the Central Government assigned the matter to SFIO, Section 212 barred a parallel investigation by another agency on the same offences. The Court found that the later EOW FIR was substantially identical to the earlier complaint that had already triggered SFIO proceedings, with the same complainant, same persons, and the same factual foundation. It held that allowing both proceedings to continue would amount to duplicate investigation and defeat the statutory scheme. The impugned FIR was quashed qua the petitioner, and the EOW record was directed to be transferred to SFIO. en-us Fri, 15 Sep 2023 00:00:00 +0530 Sun, 24 Sep 2023 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443482 The Companies Act, 2013 was treated as a special code for investigation of corporate fraud, and once the Central Government assigned the matter to SFIO, Section 212 barred a parallel investigation by another agency on the same offences. The Court found that the later EOW FIR was substantially identical to the earlier complaint that had already triggered SFIO proceedings, with the same complainant, same persons, and the same factual foundation. It held that allowing both proceedings to continue would amount to duplicate investigation and defeat the statutory scheme. The impugned FIR was quashed qua the petitioner, and the EOW record was directed to be transferred to SFIO. Case-Laws Companies Law Fri, 15 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443482