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Supreme Court of India

Religare Finvest Limited v. State of Nct of Delhi & Anr.

Neutral citation
Bench S. Ravindra Bhat and Aravind Kumar JJ.
Decided 11 September 2023

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

4 Supreme Court benches have cited this judgment.

From the headnote

Issue for consideration: Whether a transferee entity-a successor bank (DBS Bank) can be fastened with corporate criminal liability for the off ences which the amalgamating entity-the erstwhile Laxmi Vilas Bank (LVB) is accused of. Criminal Law – Corporate criminal liability – When cannot be fastened on a transferee entity: Held: Criminal liability of a company cannot be transferred ipso facto, except when it is in the nature of penalty proceeding – Only defi ned legal proceedings are succeeded to by the transferee company, which is the DBS Bank in the instant case – Further, every scheme of…

Authorities it was built on

Where later benches applied it

Of those, 2 referred to · 2 mentioned

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