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TMI Blog2024 (5) TMI 1345X X X X Extracts X X X X X X X X Extracts X X X X ..... nubha Bhardwaj, SPP for CBI with Ms. Diksha Nishad, Advocate for R-4/CBI Mr. Dayan Krishnan, Sr. Adv with Mr. Nitish Kant Sharma and Shridhar Kale, Advocates for R-7, 10 and 12 Ms. Amrita Singh, Advocate for SEBI JUDGMENT (ORAL) CRL. M.A. 33182/2023-EX EMP. CRL. M.A. 33183/2023 EX EMP. Allowed, subject to all just exceptions. Accordingly, the present applications stand disposed of. W.P.(CRL) 3573/2023 1. Present writ petition has been filed as a Public Interest Litigation ('PIL') under Article 226 of the Constitution for directing the Respondent Nos. 1 to 5 to take action against the group of companies and individuals i.e. Respondents No. 6 to 23 on the allegations of money laundering and consequential loss to the public exchequer, by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nch of this Court vide order dated 25th March, 2022 after returning a finding that the same is motivated. He states that in the SLP (Crl.) No. 5179/2022 filed by the Petitioner against the said dismissal though the Supreme Court waived the costs, however, it refused to interfere with the judgment passed by the Division Bench of this Court. He states that commonality of Respondent No. 16 in the present writ petition and the earlier writ petition evidences that the Petitioner herein is seeking to settle scores with the companies and entities in which Respondent No. 16 is a Director/Partner. 3.1. He states that as a matter of fact Income Tax authorities conducted a search and seizure at the premises of Respondent No. 7 on 30th March, 2021. He ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r herein. 4. Having heard the learned counsel for the parties, we are of the considered opinion that no directions as sought for in the present PIL are merited in this petition. 5. The Petitioner is seeking directions for investigation into the valuation of the sale of the shareholding held by Respondent No. 7 issued by Respondent No. 8 and subsequently transferred to Respondent No. 9. However, in view of the fact that the said transaction has been examined by the IT Department during the block assessment of Respondent No. 7 shows that the matter is within the knowledge of the authorities and considering the fact that no adverse proceedings have been initiated by the IT Department, we are of the opinion that no further directions are requ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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