https://www.taxtmi.com/caselaws?id=312422 The SC addressed the misuse of criminal proceedings against financial institutions to obstruct debt recovery. It stayed proceedings in multiple FIRs and allowed petitioners to challenge FIRs and an ECIR in the respective HCs within two weeks, with expedited decisions mandated within six months. The DGPs were instructed to review the petitioners' claims and act within a month. Interim orders staying certain FIRs remain until final resolution. No coercive actions are permitted against the financial institution pending HC decisions, with all legal arguments preserved for HC consideration. All related petitions and applications were disposed of. en-us Tue, 04 Jul 2023 00:00:00 +0530 Thu, 15 Feb 2024 19:50:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312422 The SC addressed the misuse of criminal proceedings against financial institutions to obstruct debt recovery. It stayed proceedings in multiple FIRs and allowed petitioners to challenge FIRs and an ECIR in the respective HCs within two weeks, with expedited decisions mandated within six months. The DGPs were instructed to review the petitioners' claims and act within a month. Interim orders staying certain FIRs remain until final resolution. No coercive actions are permitted against the financial institution pending HC decisions, with all legal arguments preserved for HC consideration. All related petitions and applications were disposed of. Case-Laws Indian Laws Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312422