https://www.taxtmi.com/caselaws?id=766746 NCLAT held that SFIO investigation reports under Section 212(12) of Companies Act, 2013 are admissible as legal evidence in proceedings under Section 212(14A). The tribunal clarified that while Section 212(15) deems SFIO reports equivalent to police reports under Section 173 CrPC for charge-framing purposes, this legal fiction does not render them inadmissible in company law proceedings. The court rejected appellant's argument that Section 223(5) excludes SFIO reports from admissibility, finding no statutory bar to their use in proceedings against directors and officers. Appeals challenging NCLT's consideration of SFIO report and compilation of documents were dismissed. en-us Fri, 28 Feb 2025 00:00:00 +0530 Mon, 03 Mar 2025 12:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766746 NCLAT held that SFIO investigation reports under Section 212(12) of Companies Act, 2013 are admissible as legal evidence in proceedings under Section 212(14A). The tribunal clarified that while Section 212(15) deems SFIO reports equivalent to police reports under Section 173 CrPC for charge-framing purposes, this legal fiction does not render them inadmissible in company law proceedings. The court rejected appellant's argument that Section 223(5) excludes SFIO reports from admissibility, finding no statutory bar to their use in proceedings against directors and officers. Appeals challenging NCLT's consideration of SFIO report and compilation of documents were dismissed. Case-Laws Companies Law Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766746