Their plea seeks quashing of summons issued by a Bengaluru court on a "frivolous" and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in the merger of three companies with a Premji group firm.
Karnataka High Court Imposes ₹ 10 Lakh Cost On Petitioner For Multiple Petitions Against Azim Premji livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.
HC relief to Azim Premji, wife
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They were accused of violating the Companies Act, 2013
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They were accused of violating the Companies Act, 2013
In a relief to Azim H. Premji, former Chairman and Managing Director of Wipro, and his wife, the Karnataka High Court has set aside an order passed by a city civil and sessions court for restoration of a private complaint for allegedly not disclosing information of a company of which they were directors in violation of Companies Act, 2013.
Also, the court upheld dismissal of another private complaint against them for allegedly violating a provision of the Reserve Bank of India Act, 1934, in relation to operation of non-banking finance companies sans registration.
In their appeals, Premji and others said that the complainant NGO suppressed material facts
The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a frivolous and mischievous complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm. A bench of Justices Sanjya Kishan Kaul, Dinesh Maheshwari, and Hrishikesh Roy also issued notice to an NGO, Indian Awake for Transparency, and others and sought their response. Senior advocates Mukul Rohatgi, A M Singhvi appearing for Premji and others said that the complaint was mischievous in nature.
Updated Dec 19, 2020 | 06:19 IST
Senior advocate S Ganesh and advocate Vipin Nair appearing for G Venkateshwara Rao, said that the NGO India Awake for Transparency is being used as a corporate facade to file frivolous litigation SC stays criminal proceedings against former Wipro chairman Azim Premji
New Delhi: The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a frivolous and mischievous complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm.