Madras High Court annuls FIR against three Ex-Directors of IL & FS but refrains from providing Clean Chit

Last updated: 07 September 2021

Court :
Madras High Court

Brief :
In Ravi Parthasarthy and Ors. v. State of Tamil Nadu [CRL. O.P. NOS. 3730, 4227, 4095 & 11206 OF 2021 CRL. M.P. NOS. 6647, 6649, 2218, 2601, 2679, 3388, 6708 & 6709 OF 2021W.P. NO. 1397 OF 2021 AND W.M.P. NO. 5917 OF 2021 dated August 31, 2021]], Ravi Parthasarthy ("Petitioner No. 1"), Hari Sankaran ("Petitioner No. 2") and Ramchandra Karunakaran ("Petitioner No.3")have filed a petition to quash the FIR in EOW, Chennai Crime No.13 of 2020 filed against them by Moon Technologies Limited ("Respondent No. 2") under the Tamil Nadu Protection of Interest of Depositors Act of 1997 (TNPID Act).

Citation :
CRL. O.P. NOS. 3730, 4227, 4095 & 11206 OF 2021 CRL. M.P. NOS. 6647, 6649, 2218, 2601, 2679, 3388, 6708 & 6709 OF 2021W.P. NO. 1397 OF 2021 AND W.M.P. NO. 5917 OF 2021 dated August 31, 2021