Supreme Court Allows Repatriation of Frozen Funds Without Bank Guarantee in CBI Investigation — Freeze Order Under Section 102 CrPC Quashed as Appellant Company Not Connected to Accused. The Court held that a freeze order under Section 102 CrPC cannot be continued against a third party not connected to the investigation, and the discharge of the accused removes the basis for any condition....
The appellant, M/s. Jermyn Capital LLC Dubai, a Foreign Institutional Investor, had shares and funds in India. Due to litigations, it ceased trading in 2006. Two freeze orders under Section 102 CrPC w...
