Probe against company under Section 210 Companies Act does not bar SFIO probe: Karnataka High Court

The Court made the observation while rejecting a plea challenging SFIO probe against Exalogic Solutions Private Limited, which is owned by Veena Thaikkandiyil, the daughter of Kerala CM Pinarayi Vijayan.
Karnataka High Court
Karnataka High Court

The launch of an investigation by government-appointed inspectors into the affairs of a company under Section 210 of the Companies Act, 2013 does not render the government of India powerless to later assign the probe to the Serious Fraud Investigation Office (SFIO), the Karnataka High Court recently held.

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