voda schreef op 20 maart 2019 16:51:
Supreme Court quashes criminal cases, lookout notices against Mr Pramod Mittal
ET reported that the Supreme Court has quashed all criminal cases and lookout notices against Mr Pramod Mittal, his wife and children after he paid up all his dues to public sector enterprise State Trading Corporation. A bench of justice Abhay Manohar Sapreand and justice Indu Malhotra also quashed any lookout notices that may have been issued against Mittal and his family by these agencies, besides 11 complaints of cheating and criminal breach of trust pending in a lower court in Delhi.
The bench invoked its extraordinary powers to quash all proceedings, possibly a first in a corporate debt case.
Mr Promod Mittal, the younger brother of Mr LN Mittal, was facing multiple court proceedings in India and abroad in connection with his dues to the company. These included FIRs filed by the Central Bureau of Investigation and the Enforcement Directorate and a show-cause notice issued by the Passport and Consular Wing of the Indian High Commission in London.
Source : ET