Want to be a
Soolegal Member
Team SoOLEGAL
24 Jul 2018 10:30am

Madras HC Quashes the LOC Issued by CBI against Karti Chidambaram

0
0
5
0

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
Active Members view all

New Members view all