https://www.taxtmi.com/caselaws?id=314053 Delhi HC directed CBI to file detailed status report regarding banking fraud case involving fund diversion under CDR scheme. Petitioner challenged FIR registered under Section 120B r/w 420/467/468/471 IPC and Prevention of Corruption Act provisions. Court noted two previous complaints on similar allegations resulted in no action by CBI/EOW, current FIR filed within four days without preliminary inquiry, and petitioner joined as director after alleged loan facilities were sanctioned. Only CDR facility occurred during petitioner's directorship with no fraud allegations. Matter listed for further hearing. en-us Wed, 10 Jun 2020 00:00:00 +0530 Tue, 14 May 2024 22:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314053 Delhi HC directed CBI to file detailed status report regarding banking fraud case involving fund diversion under CDR scheme. Petitioner challenged FIR registered under Section 120B r/w 420/467/468/471 IPC and Prevention of Corruption Act provisions. Court noted two previous complaints on similar allegations resulted in no action by CBI/EOW, current FIR filed within four days without preliminary inquiry, and petitioner joined as director after alleged loan facilities were sanctioned. Only CDR facility occurred during petitioner's directorship with no fraud allegations. Matter listed for further hearing. Case-Laws Companies Law Wed, 10 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314053