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The Delhi High Court has set aside the Serious Fraud Investigation Office (SFIO) complaint and proceedings against Tata Steel BSL Ltd, formerly known as Bhushan Steel Limited.
The Court has nonetheless clarified that the order will not affect the prosecution of the erstwhile promoters of the company or any of the officers who may be directly responsible for committing the offences under SFIO investigation.
The order was passed by a Single Judge Bench of Justice Vibhu Bakhru.