Wednesday, September 15, 2010

SC REFUSES TO DIRECT PSBS TO RECOVER NPAs

While disposing of a Public Interest Litigation (PIL), a Bench headed by Justice J M Panchal and AK Patnaik hoped that the Centre would make the Serious Fraud Investigation Office (SFIO), set up by the government under the department of company affairs, an independent agency to deal with the problem of investigation and prosecution of serious and complex frauds.

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