M. R. SHAH, M. M. SUNDRESH
Union of India – Appellant
Versus
Deloitte Haskins and Sells LLP – Respondent
| Table of Content |
|---|
| 1. overview of civil and criminal appeals (Para 1) |
| 2. background of financial issues in il&fs (Para 2) |
| 3. arguments by union of india regarding misinterpretation (Para 3) |
| 4. counterarguments from bsr (Para 4) |
| 5. court's observations on section 140(5) (Para 5) |
| 6. enforcement of section 140(5) procedures (Para 6) |
| 7. legal framework and audit accountability (Para 8 , 9 , 10) |
| 8. final decisions and orders (Para 16 , 17) |
JUDGMENT :
Appeals under consideration:
1.1 Criminal Appeal Nos. 2305-2307/2022, Criminal Appeal Nos. 2302-2303/2022 and Criminal Appeal No. 2300/2022 have been filed by the Union of India, inter alia, challenging the common judgment and order dated 21.04.2020 passed by the High Court of Bombay in Writ Petition Nos. 4144 & 4145 of 2019 and other companion writ petitions, by which the High Court, though upheld that Section 140(5) of the Act, 2013 is not unconstitutional, has set aside the direction under Section 212(14) of the Act, 2013 dated 29.05.2019 issued by the Union of India to the Serious Fraud Investigation Office (SFIO) and consequently set aside the prosecution lodged by the SFIO vide Criminal Complaint No. CC 20/2019 on the file of Special Court ( COMPA
Anirudhsinhji Karansinhji Jadeja v. State of Gujarat
AV Dharma Reddy v. State of A.P. & Ors.
B. Himmatlal Agrawal v Competition Commission of India
Bhuwalka Steel Industries Ltd & Anr v. UOI
Carona Ltd. v. Parvathy Swaminathan & Sons
Cellular Operators Association of India v. Union of India
Dharani Sugars and Chemicals Ltd. v. Union of India
Gokulchand Dwarkadas Morarka v. The King
Jaishri Laxmanrao Patil v. Chief Minister and Others
K.K Mishra v. State of Madhya Pradesh
Kamal Lochan Sen v. State of Orissa
Madras Bar Association v. Union of India
Mansukhbhai Vithaldas Chauhan v. State of Gujarat
Mohd. Iqbal Ahmed v. State of Andhra Pradesh
NEPC Micon Ltd. v. Magma Leasing Limited
Pasupuleti Venkateswarlu v. Motor & General Traders
Raichurmatham Prabhakar v. Rawatmal Dugar
Sant Lal Gupta v. Modern Cooperative Housing Society Ltd.
Serious Fraud Investigation Office v Rahul Modi
State of Maharashtra v. Shri Vile Parle Kelvani Mandal & Ors. (2022) 2 SCC 725 [Para 4]
Tolaram Relumal v. State of Bombay. (1955) 1 SCR 158 [Para 4]
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