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[Cites 16, Cited by 4]

Supreme Court - Daily Orders

Serious Fraud Investigation Office vs Neeraj Singal on 4 September, 2018

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                                                                              NON­REPORTABLE

                                       IN THE SUPREME COURT OF INDIA
                                      CRIMINAL APPELLATE JURISDICTION

                                     CRIMINAL APPEAL  NO. 1114 OF  2018
                                    (ARISING FROM SLP (CRL.) NO.7241/2018)

                         SERIOUS FRAUD INVESTIGATION OFFICE       APPELLANT(S)

                                                        VERSUS

                         NEERAJ SINGAL & ANR.                                   RESPONDENT(S)

WITH  CRIMINAL APPEAL  NO. 1115 OF  2018 (ARISING FROM SLP (CRL.) NO.7242/2018) UNION OF INDIA    APPELLANT(S) VERSUS NEERAJ SINGAL & ANR.                                   RESPONDENT(S) O R D E R

1. Heard learned counsel for the parties.

2. Leave granted.

3. At the outset, when the matter was taken up for hearing Mr.   Maninder   Singh,   learned   Additional   Solicitor   General   of Signature Not Verified India appearing for the appellants, brought to our notice the Digitally signed by DEEPAK GUGLANI Date: 2018.09.04 12:37:32 IST Reason: fact that despite being informed that this Court had listed the 2 case   for   hearing   on   30.08.2018   upon   urgent   mentioning   on the   previous   day   (i.e.   on   29.08.2018),   the   High   Court proceeded to issue directions on 29.08.2018 at 5.20 P.M., as a result   of   which   Respondent   No.1/Neeraj   Singal   has   already been released and the direction given in the impugned order for   his   release   has   been   implemented.     However,   learned Additional   Solicitor   General   appearing   for   the   appellants submitted   that   they   intend   to   continue   with   the   present appeals   as   the   findings   and   the   observations   made   in   the impugned order will have far reaching effects not only on the case   on   hand   but   on   other   investigations   and   cases concerning   offences   punishable   under   the   Companies   Act, 2013.

4. We may only observe that urgent mentioning of the case was made before the Bench presided over by the learned Chief Justice   of   India   and   hearing   thereon   continued   after   court hours on 29.08.2018.  The matter was directed to be listed on the   next   day   on   30.08.2018.     Propriety   demanded   that   the High Court should have showed deference and awaited orders in  the   present  proceedings.   The haste with  which  the High Court was moved on the evening of 29.08.2018 at around 5:20 3 P.M. to implement its order, despite this Court being seized of the   proceedings   would   indicate   an   attempt   by   Respondent No.1/Neeraj Singal to pre­empt the hearing before this Court by securing release.  We express our disapproval.

5. The appellants have assailed the interim order passed by the   High   Court   directing   the   release   of   Respondent No.1/Neeraj   Singal   in   connection   with   Case   File No.SFIO/INV/BPS/2016/480­494   in   a   writ   petition   seeking inter   alia   the   issuance   of   a   writ   of   habeas   corpus, notwithstanding   the   order   passed   by   the   jurisdictional magistrate to send Respondent No.1/ Neeraj Singal to judicial custody until 01.09.2018.   The substantive reliefs claimed by Respondent No.1/Neeraj Singal read thus:­ “A. Issue   a   writ   of   Mandamus   or   any   other   appropriate writ/direction/order in the nature of a writ directing that the condition   imposed   under   Section   212(6)(ii)   and   Section 212(7) of the Act for release on bail is ultra vires, violative of Articles 14 and 21 of the Constitution, and thus strike down the same as being unconstitutional.  

B. Issue   a   writ   of   Mandamus   or   any   other   appropriate writ/direction/order in the nature of a writ directing that the condition in Section 212(8) of the Act that a person can be arrested by the SFIO, Respondent No. 2 herein, on the basis of material available in its possession and having reason to believe (the reasons for such belief to be recorded in writing) that any person has been ‘guilty’ of any offence punishable under   Section   212(6)   i.e.   for   an   offence   covered   under Section   447   of   the   Act,   is   in   the   nature   of   a   presumptive definitive opinion/conclusion which is arbitrary and violative 4 of Articles 14, 20 and 21 of the Constitution; C. Issue   a   writ   of   Habeas   Corpus   directing   immediate release   of   the  Petitioner   herein   Sh.   Neeraj  Singal   from   the illegal   arrest   dated   08.08.2018   and   consequent   illegal custody from Tihar Jail;

D. Issue a writ of Certiorari for quashing/setting aside of the Orders dated 09.08.2018 and 14.08.2018 passed by the Ld. Duty Magistrate, Patiala House Courts, and Ld. 1 st ASJ, Dwarka Courts, remanding the Petitioner to judicial custody till 14.08.2018 and 18.08.2018 respectively, as being illegal, unreasoned and reflecting non­application of judicial mind; E. Pass any such other writ or order(s) as it may deem fit and proper in the interest of justice.”

6. Although   the   challenge   to   the   constitutional   validity   of the   provisions   of   the   Companies   Act,   2013   was   limited   to Sections referred to in prayer clauses (A) and (B), for the grant of interim relief, the High Court has considered diverse aspects which would create impediment for the Competent Authority under   the   Act,   if   not   debar   them   from   investigating   into offences punishable under the Companies Act, 2013  (for short ‘the Act’),  including to file a complaint and/or police report.

7. Indisputably, Respondent No.1/Neeraj Singal was sent to judicial custody in connection with the alleged offences under Section 447 of the Act in terms of a judicial order passed by the jurisdictional court.  That order was in force when the writ petition was filed and the interim order to release Respondent 5 No.1/Neeraj Singal came to be passed.  The High Court issued its interim directions, prima facie, in the teeth of the decisions of this Court in Saurabh Kumar v. Jailor, Koneila Jail and Another,1  and  Manubhai Ratilal Patel v. State of Gujarat and   Others2.     Further,   the   reasons   assigned   by   the   High Court in the impugned order for grant of interim relief are not confined to the issue of the validity of the stated sections of the   Act   or   concerning   grant   of   bail   but   prima   facie   impact upon issues concerning matters of investigation and lodging of the complaint and/or police report in respect of offences under the Act.  

8. Learned   senior   counsel   appearing   for   Respondent No.1/Neeraj   Singal   were   at   pains   to   persuade   us   that   the provisions of the Companies Act, 2013 are materially different from   the   provisions   of   the   Prevention   of   Money­Laundering Act,  2002 (for short ‘the PMLA’).   However, we find that the main   consideration   for   grant  of   interim   relief   to   Respondent No.1/Neeraj Singal by the High Court was on the basis of an analogy with the principle expounded by this Court in Nikesh 1 (2014) 13 SCC 436 2 (2013) 1 SCC 314 6 Tarachand Shah v. Union of India & Anr.,3  declaring the provisions   concerning  grant  of bail  in the  PMLA invalid  and unconstitutional.     Similar   questions   are   likely   to   arise   for consideration   in   SLP(Crl)…   Diary   No.9360/2018   and   the transferred cases [Writ Petition (Crl) No.363/2018 along with Crl.M.A.2151/2018 pertain to Delhi High Court proceedings] which are pending before this Court.  Those proceedings were before a Full Bench of the Delhi High Court and in terms of the judgment in  Rajbhushan Omprakash Dixit v. Union of India,4 have since been transferred to this Court.

9. In   the   nature   of   the   interim   order   that   we   propose   to pass, we refrain from elaborating on the contentions and the reasons recorded by the High Court at this stage.  However, we may observe that prima facie we find that the reasons being on the   constitutional   validity   of   provisions   apart   from   Sections 212(6)(ii) and 212(7) of the Act ought not to have weighed with the  High Court for grant of interim relief.   Moreover, in any case, the High Court ought to have applied the broad contours required to be kept in mind for grant of bail under Section 439 Cr.P.C., which aspect, we find, has not been adverted to at all 3 (2018) 11 SCC 1 4 (2018) SCC OnLine Del 7281 7 in the impugned order.  There is prima facie substance in the grievance of the appellants that the High Court has failed to consider  matter  such as the nature of gravity  of the alleged offence.  Moreover, we find that in the course of the impugned order,   the   High   Court   even   proceeded   to   recall   certain observations   made   by  it   in   another   case  (Poonam   Malik   v. Union of India  [W.P.(Crl.) No.2384 of 2018] order dated 10 th August 2018).

10. Considering   the   fact   that   prima   facie   we   find   that   the observations   made   in   the   impugned   order   may   have   far reaching consequences and deprive the Competent Authority or   the   Statutory   Authority   to   proceed   in   the   matter   in accordance with the provisions of the Companies Act, 2013 in respect   of   investigations   and   including   filing   of complaint/police   report   concerning   the   offences   involving serious   financial   frauds   or   economic   misdemeanor,   the impugned order, therefore, deserves to be stayed.     We order accordingly.   However,   since   Respondent   No.1/Neeraj   Singal has secured his release on 29 th August, 2018 on the strength of the order of the High Court, before we could take up the case for hearing on 30th August, 2018, we continue the interim 8 direction   given   by   the   High   Court   to   release   Respondent No.1/Neeraj Singal.

11. Accordingly, the operation of the impugned order of the High   Court   is   stayed   but   the   interim   relief   granted   to Respondent   No.1/Neeraj   Singal   limited   to   his   release   on personal   bond   shall  remain  in  force  during   the pendency  of these proceedings, subject to the fulfillment of the conditions imposed by the High Court for his release and additionally to report to the concerned officer of SFIO on every Monday and Thursday between 10:30 A.M. to 12:30 P.M. and on such other day or time as directed by the officer concerned.  We make it clear   that   the   directions   given   in   the   interim   order   to   the appellants   [Union   of   India   and   Serious   Fraud   Investigation Office (SFIO)] shall remain stayed in view of the order of stay of operation   of   the   impugned   order,   in   particular,   paragraph 71(iv) of the impugned order, namely, Respondent No.1/Neeraj Singal   shall   not   be   compelled   by   the   SFIO   to   sign   his statement under Section 217(4) read with Section 217(7) of the Companies Act. 

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12. We   also   grant   liberty   to   the   appellants   to   take   out   a formal   application   in   these   proceedings   for   recall   of   interim protection   or   for   modification   and/or   imposing   further conditions for the release of Respondent No.1/Neeraj Singal on personal bond.  That application will be considered on its own merits.

13. As mentioned earlier, since the questions involved in the present  appeals  are  linked with  the issues to be decided by this   Court   in   transferred   cases   in   terms   of   the   order   dated 15.03.2018 in  SLP(Crl)…… Diary  No.9360/2018, we deem  it appropriate to withdraw the writ petition filed by Respondent No.1/Neeraj   Singal   before   the   High   Court   of   Delhi   at   New Delhi, bearing Writ Petition (Crl.) No.2453/2018 and transfer it   to   this   Court,   to   be   heard   along   with   aforementioned transferred   cases   and   the   present   appeals.   Ordered accordingly.

…............................J.   (A.M. KHANWILKAR)  …….........................J.                     (Dr. D.Y. CHANDRACHUD)  NEW DELHI;

SEPTEMBER 04, 2018.

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ITEM NO.1501                        COURT NO.1                    SECTION II-C

                 S U P R E M E C O U R T O F           I N D I A
                         RECORD OF PROCEEDINGS

Petition for Special Leave to Appeal (Crl.) No. 7241/2018 (Arising out of impugned final judgment and order dated 29-08-2018 in WPCRL No. 2453/2018 passed by the High Court Of Delhi At New Delhi) SERIOUS FRAUD INVESTIGATION OFFICE Petitioner VERSUS NEERAJ SINGAL & ANR. Respondents WITH SLP(Crl) No. 7242/2018 (II-C) Date : 04-09-2018 This matter was called on for pronouncement of order today.

For Petitioner          Mr.   Maninder Singh, ASG
                        Mr.   Neeraj Kumar Sharma, AOR
                        Mr.   R. Balasubramanian, Adv.
                        Mr.   Ajeet Kumar Srivastava, Adv.
                        Mr.   Arunendra Kr. Singh, Adv.

                        Mr. Arvind Kumar Sharma, AOR

For Respondents         Ms.   Ranjana Roy, Adv.
                        Ms.   Divya Roy, AOR
                        Mr.   Arshdeep Singh, Adv.
                        Mr.   Amit Bhandari, Adv.
                        Mr.   Hemant Shah, Adv.
                        Mr.   Adit Pujari, Adv.
                        Mr.   Anusha Nagarajan, Adv.
                        Mr.   Sumit Bindal, Adv.
                        Ms.   Shivika, Adv.
                        Mr.   Himanshu Gupta, Adv.
                        Mr.   Akshat Gupta, Adv.
                        Mr.   Pramod Dubey, Adv.
                        Mr.   Avishkar Singhvi, Adv.

            Hon’ble      Mr.   Justice    A.M.   Khanwilkar   pronounced
     the   order   of    the    Bench    comprising   His   Lordship   and
     Hon’ble Dr. Justice D.Y. Chandrachud.

            Leave granted.
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In terms of the signed non-reportable order, the operation of the impugned order of the High Court is stayed but the interim relief granted to Respondent No. 1/Neeraj Singal limited to his release on personal bond shall remain in force during the pendency of these proceedings, subject to the fulfillment of the conditions imposed by the High Court for his release and additionally to report to the concerned officer of SFIO on every Monday and Thursday between 10.30 A.M. to 12.30 P.M. and on such other day or time as directed by the officer concerned.

Liberty to the appellants is granted to take out a formal application in these proceedings for recall of interim protection or for modification and/or imposing further conditions for the release of Respondent No. 1/Neeraj Singal on personal bond. That application will be considered on its own merits.

Since the questions involved in the present appeals are linked with the issues to be decided by this Court in transferred cases in terms of the order dated 15.3.2018 in SLP(Crl.)…….Diary No. 9360/2018, we deem it appropriate to withdraw the writ petition filed by Respondent No. 1/Neeraj Singal before the High Court of Delhi at New Delhi, bearing Writ Petition (Crl.) No. 2453/2018 and transfer it to this Court, to be heard along with aforementioned transferred cases and the present appeals. Ordered accordingly.

  (Deepak Guglani)                                      (H.S. Parasher)
    Court Master                                      Assistant Registrar

(signed non-reportable order is placed on the file)