The Supreme Court has asked the Allahabad High Court to take a fresh look at Yes Bank’s case against the Uttar Pradesh Police’s notice. The police notice restrained Yes Bank from transferring and exercising voting rights in Dish TV. In November 2021, the Supreme Court issued a notice under Section 102 of the CrPC to Yes Bank in respect of shares allegedly pledged by Dish TV and to prevent it from transferring shares or exercising its voting rights at the AGM. Uttar Pradesh Police was reprimanded.
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A bench of Justice DY Chandrachud, Justice AS Bopanna and Justice Vikram Nath was hearing the SLP of Yes Bank against the order dated 25 November 2021 of the Allahabad High Court. In which the bank’s writ petition against the FIR and the notice issued under Section 102 of CrPC was dismissed.
The High Court had held that such disputed facts cannot be inquired into under Article 226 as the petitioner has alternative remedies and is not inclined to exercise its writ jurisdiction to prevent a valid inquiry.
The Supreme Court observed that the notice was issued under Section 102 of the CrPC, that the officer issuing the notice, P.C., Commissionerate of Police, G.B. The city is beyond the jurisdiction of the Investigating Officer of Crime Branch in Greater Noida.
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