Serious Fraud Investigation Office vs Rahul Modi

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2019 Supreme(SC) 366

A.M.SAPRE, UDAY UMESH LALIT
Serious Fraud Investigation Office – Appellant
Versus
Rahul Modi – Respondent

Advocates Appeared:
For the Appellant : Mr. Tushar Mehta,SG Mr. Amit Mahajan,Adv. Mr. Rajat Nair,Adv. Mr. Manan Popli,Adv. Mr. Ranvijay Singh,Adv. Mr. Rajeev Ranjan,Adv. Mr. Neeraj Kumar Sharma, AOR
For the Respondent: Mr. Kapil Sibal,Sr.Adv. Mr. V.Giri,Sr.Adv. Mr. Aditya Singla,Adv. Mr. Adit Pujari,Adv. Ms. Priya Puri,Adv. Mr. Pallav Gupta,Adv. Mr. Kartik Venu,Adv. Mr. Ranjay Duhbey,Adv. Ms. Vinita Meghrajani,Adv. Mr. Ravi Pathak,Adv. Mr. Mukul Rohtagi,Sr.Adv. Mr. Sidharth Luthra,Sr.Adv. Ms. Supriya Juneja, AOR Ms. Cheshta Jetly,Adv. Ms. Varsha Poddar,Adv. Mr. Himanshu Gupta,Adv. Mr. Akshay Sehgal,Adv. Mr. Saifuddin S.,Adv. Mr. Sayantan Talapatra,Adv. Mr. Krishna Kumar Singh, AOR

JUDGMENT

Udav Umesh Lalit J.

Leave granted.

2. These Appeals challenge the correctness of the common interim order dated 20.12.2018 passed by the High Court of Delhi at New Delhi in Writ Petition (Crl.) Nos.3842 and 3843 of 2018.

3. In exercise of powers conferred by Section 212(l)(c) of the Companies Act, 2013 ("2013 Act", for short) and under Section 43(2) and (3)(c)(i) of the Limited Liability Partnership Act, 2008 ("2008 Act", for short), the Central Government vide order No.07/115/2018/CL-II (NWR), directed investigation into the affairs of Adarsh Group of Companies and LLPs ('The Group', for short) by Officers of Serious Fraud Investigation (SFIO) as nominated by Director, SFIO. The relevant part of the Order dated 20.06.2018 was as under:-

"Whereas the Central Government is empowered under Section 212(l)(c) of the Companies Act, 2013 (the Act) to order investigation into the affairs of a company in public interest by the Serious Fraud Investigation Office (SFIO).
2. And whereas the Central Government is also empowered to order investigation into the affairs Limited Liability Partne

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2019 Supreme(SC) 366

A.M.SAPRE, UDAY UMESH LALITSerious Fraud Investigation Office – AppellantVersusRahul Modi – Respondent

Cases Referred (14)

A.M.SAPRE, UDAY UMESH LALIT
Serious Fraud Investigation Office – Appellant
Versus
Rahul Modi – Respondent