FIR Remains Valid Even If Fraud Classification Of Bank Account Is Quashed, Provided It Prima Facie Reveals Cognizable Offences: Delhi High Court

In a recent ruling, the Delhi High Court dismissed a petition challenging the fraud declaration against the petitioner company and its directors. The fraud classification, initially set aside by the court in a previous order in May 2023, was once again under scrutiny in the case. The petitioners argued that the declaration of fraud by Respondent No. 3 (a respondent bank) was flawed, and sought to quash the ongoing criminal…