In the matter of Ashish Bhalla vs. State and Another[1](“Judgment”), the Hon’ble High Court of Delhi (“Court”) has recently ruled that once an investigation by the SFIO under Section 212 of the Companies Act, 2013 (“2013 Act”) has been initiated, a parallel investigation by a separate investigating agency into the affairs of the company is not permissible, considering the bar under Section 212 of the 2013 Act (“Section 212”). While the Madras High Court in the matter of Ravi Parthasarathy and Others vs. State of Another[2] had made similar observations to sub-clause (2) of Section 212, its application had not been sufficiently visible.Continue Reading No more parallel investigations on a company’s ‘misadventures’? –  Delhi High Court affirms SFIO’s exclusive jurisdiction