Serious Fraud Investigation Office vs Assotech Limited In Liquidation & Anr

ik-173572393 Delhi High Court 21 November 2025 • 24 min read

Judges (2)

Anil Kshetarpal Coram Harish Vaidyanathan Shankar Delivered

Counsel (7)

Amit Tiwari Counsel Appellant Ayush Tanwar Counsel Appellant Ayushi Srivastava Counsel Appellant Piyush Vats Counsel Respondent Rajshekhar Rao Counsel Respondent Rishi Awasthi Counsel Respondent Ruchi Sindhwani Counsel Respondent

Parties (2)

Assotech Limited In Liquidation Respondent Serious Fraud Investigation Office Appellant

Case Significance

Serious Fraud Investigation Office vs Assotech Limited In Liquidation & Anr is a Delhi High Court decision dated November 21, 2025 (citation: ik-173572393). SFIO appealed a Single Judge's order that had directed it to submit its investigation report to the Company Court and imposed conditions on prosecution under the Companies Act against a company in liquidation. The Division Bench found the Single Judge's directions exceeded the scope of the Companies Act and sought to expropriate powers not found in the statutory framework. The appeal was allowed and the impugned judgment was set aside. The bench comprised Justices Anil Kshetarpal and Harish Vaidyanathan Shankar. The judgment was delivered by Justice Harish Vaidyanathan Shankar.

Summary

SFIO appealed a Single Judge's order that had directed it to submit its investigation report to the Company Court and imposed conditions on prosecution under the Companies Act against a company in liquidation. The Division Bench found the Single Judge's directions exceeded the scope of the Companies Act and sought to expropriate powers not found in the statutory framework. The appeal was allowed and the impugned judgment was set aside.

What was the outcome of Serious Fraud Investigation Office vs Assotech Limited In Liquidation & Anr?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-173572393)