Team  SoOLEGAL

Madras HC Quashes the LOC Issued by CBI against Karti Chidambaram

Team SoOLEGAL 24 Jul 2018 10:30am

Madras HC Quashes the LOC Issued by CBI against Karti Chidambaram

A look-out circular (LOC) issued by CBI against Karti Chidambaram, in relation to the INX Media Case, was quashed by the Madras High Court, on Monday.

The High Court bench of Chief Justice Indira Banerjee and Justice Abdul Quddhose quashed the LOC on the ground that it was issued “prematurely and in hot haste”, despite the absence of any condition necessitating the issuance of impugned LOC.

The court, however, said that the CBI can take action on the basis of the FIR registered against Karti in the case.

The case relates to the alleged irregularities in the grant of clearance by the Foreign Investment Promotion Board (FIPB) to INX Media for receiving a Rs 4.62 crore investment in 2007 when Karti's father P Chidambaram was the Union Finance Minister.



Tagged: Madras High Court   INX Media Case   Look Out Circular   CBI   Karti Chidambaram  
Did you find this write up useful? YES 0 NO 0
×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.
×

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail info@soolegal.com