Bombay High Court dismisses plea by daughter of Binani companies promoter challenging SFIO summons

The Court noted that the Ministry of Corporate Affairs had initiated investigation into the affairs of the company, relying on a forensic report as well as a report by the Resolution Professional of BCL.
Bombay High Court
Bombay High Court

The Bombay High Court on Monday dismissed a petition filed by Shradha Binani, daughter of the promoter of the erstwhile Binani Cement Limited (BCL), challenging the summons issued by the Serious Fraud Investigation Office (SFIO) against her in relation to an investigation into the company's affairs [Shradha Binani v. Ministry of Corporate Affairs & Ors.]

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