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SC sets aside Allahabad HC order refusing to entertain YES Bank's plea

Business Standard LogoBusiness Standard4d ago

SC sets aside Allahabad HC order refusing to entertain YES Bank's plea - Business Standard

Quick Summary:

A bench comprising Chief Justice DY Chandrachud and Justices PS Narasimha and JB Pardiwala also directed that its earlier order of November 30, 2021 staying police investigation in the FIR shall remain in operation till the high court has disposed of the Yes Bank's plea against the FIR.

The Supreme Court Tuesday set aside the Allahabad High Court order refusing to entertain the Yes Bank plea challenging police investigation into an FIR lodged by the Essel Group in connection with the bank-Dish TV dispute on pledging of shares.

We are of the considered view that the Allahabad High Court was not justified in not dealing with the petition (of Yes Bank) on the ground that the alternative remedy was available under section 451 and 457 of the CrPC (Code of Criminal Procedure).


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Article Details

Author / Journalist: Press Trust of India

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-24 @ 20:19:00 (4 days ago)

News Timezone: GMT +5:00

Ranking: #366 (out of 5731 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 735 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 4731972

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Official Website: business-standard.com

Update Frequency: 97 posts per day

Year Established: 1975

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News Last Updated: 3 hours ago

Coverage Areas: India

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