Mumbai: Shradha Binani, Putri Brij Binani from Binani Cements (BCL), has transferred the Bombay High Court to challenge the call he released by the serious fraud investigation office (SFIO).
The HC bench from Judge Gautam Patel and Madhav Jamdar gave him on Monday to submit rejinder to Sfio Affidavit, who accused his investigation “revealed about major funding movements since 2010, to personal bank accounts from related companies from related companies from BCL”.
Harish Salve’s senior advisor and Janak Dwarkadas proposed that the written statement made a “wrong wrong” statement.
“Someone must be responsible for conducting a statement like that …
the reply makes an accusation of sweeping,” Salve said.
He added that the government has “formed opinions made based on opinions that are not related to young women associated with the company”.
He said, “Something must be done about this kind of tactic (government)”.
Salve said that he wanted an order from HC to SFIO directly to produce details to support his claim.
HC benches, do not tend to forward orders like that, saying he will know what enters and exit his account.
Salve then said, “This is something very, very serious.
I want to file a rejoinder one page.” This HC was allowed and posted this problem for further hearing until January 31.
Additional lawyer General Anil Singh for SFIO said, “Let him propose again.
What details of the investigation cannot be shared with him at this point.” Shradha is a non-executive director for two years between April 2012 and April 2014 in the company.
In 2017, there was a process of resolving the resurrection of the corporation (CIRP) against BCL.
In 2018, all creditors were paid and the company came out of the process.
Professional Resolution – or Rp.
That opinion, the Shadha’s lawyer said, did not mention it or the money was transferred to him.
The case is, suddenly in May and June 2020, many after CIRP finished and Rp.
No longer play a role in playing, the center launched an investigation through SFIO into the company’s affairs and then issued two calls in July and then 30 and 27 September 2021 to Personally appeared before him and also provided documents related to a particular bank.
In his reply, SFIO said Shradha had “deliberately avoided the presence” and also “tried to leave India” during an ongoing investigation in August 2021.
SFIO said he received funds in his personal account from other entities transferred from BCL directly or indirectly.
The Shradha petition for termination of the call is on the grounds that because CIRP has been completed, BCL is immune from any prosecution of the violation alleged to be done before the resolution process.
Calls are outside the power of SFIO under the Company’s law and also violations of fundamental rights under Article 14 (equality) 19 (1) (g) (trade and professions), 20 (3) (self-accusation) and rights for life and freedom in chapter 21.
Scion Binani Moves HC for SFIO Calls related to ‘Fund Movement’
