Directorate Of Enforcement vs Niraj Tyagi
Case Significance
Directorate Of Enforcement vs Niraj Tyagi is a Supreme Court of India decision dated February 13, 2024 (citation: insc-2024-106). The Supreme Court allowed the appeals by the Directorate of Enforcement and set aside interim orders of the Allahabad High Court that had stayed FIR and ECIR proceedings against the respondents in a case involving Indiabulls Housing Finance Limited. The case involved allegations of criminal fraud in sanctioning and disbursement of loans totalling approximately Rs. 810 crores to M3M India and related entities. The Court held that the High Court's extraordinary powers cannot be exercised arbitr The bench comprised Justices Bela M. Trivedi and Prasanna B. Varale. The judgment was delivered by Justice Bela M. Trivedi.
Summary
The Supreme Court allowed the appeals by the Directorate of Enforcement and set aside interim orders of the Allahabad High Court that had stayed FIR and ECIR proceedings against the respondents in a case involving Indiabulls Housing Finance Limited. The case involved allegations of criminal fraud in sanctioning and disbursement of loans totalling approximately Rs. 810 crores to M3M India and related entities. The Court held that the High Court's extraordinary powers cannot be exercised arbitrarily and that judicial comity demands following settled legal positions on staying criminal proceedings.
What was the outcome of Directorate Of Enforcement vs Niraj Tyagi?
The Supreme Court allowed the appeals by the Directorate of Enforcement and set aside interim orders of the Allahabad High Court that had stayed FIR and ECIR proceedings against the respondents in a c...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (insc-2024-106)